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WTI and Brent crude settled higher on April 3, with WTI at $85.43 and Brent at $89.35, as markets watched OPEC+ policy and geopolitical tensions. A build of 3.2 million barrels in U.S. commercial crude stocks capped the gains.
Crude moves tied to OPEC+ supply policy and Middle East risk feed into energy costs and biofuel margins. The inventory build shows the rally is limited by near-term U.S. supply.
cnbc.comSpencer KimballApr 3, 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.
