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Brent crude settled 98 cents lower at $81.90 a barrel, down 1.18%, and WTI fell $1.09 to $77.57. Both benchmarks settled about 1% lower on Tuesday after a third straight day of losses.
Persistent expectations of higher US rates for longer are pressuring crude prices, lowering energy costs for feed freight and processing.
reuters.comNicole JaoMay 22, 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.
