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Crude futures rose about 1% on Monday as Israel-Lebanon border tensions returned and US gasoline demand signs strengthened. WTI closed at $81.63 and Brent at $86.01, both on pace for monthly gains.
Energy price gains raise input and transport costs for feed producers and can support vegetable oil prices through biofuel margins.
cnbc.comSpencer KimballJun 24, 2024Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
