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Oil prices were steady in early Asian trading on Tuesday as investors awaited US inflation data and the OPEC+ meeting on June 2. Brent August and WTI July contracts traded near $83 and $78.7 respectively.
Traders are pricing the timing of US rate cuts and possible OPEC+ extensions of output cuts, both of which set the energy cost backdrop for feed production and freight.
cnbc.comReutersJun 1, 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.
