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WTI settled at $80.33, up $1.88 or 2.4%, its highest since late April, and Brent rose to $84.25 on demand optimism. Both benchmarks gained on the session.
A multi-week high in crude lifts biofuel economics and input costs, supporting vegetable oil and energy-linked feed prices.
reuters.comShariq KhanJun 17, 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.
