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Oil fell about 1% on Tuesday as weak US consumer confidence data raised concerns about economic outlook and fuel demand. Brent settled down $1 at $85.01 and US crude fell to $80.83.
Weaker fuel demand expectations weigh on energy prices, which modestly pressures biofuel-linked vegetable oils and corn.
reuters.comArathy SomasekharJun 25, 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.
