Loading…
Crude prices edged up about 1% on Monday, with US futures closing at a five-month high. Expectations of US and Chinese economic growth and tightening supply from OPEC+ cuts and attacks on Russian refineries drove the move.
A five-month high in WTI raises diesel and fertilizer input costs and supports biofuel feedstock prices, a bullish cost signal for feed buyers.
reuters.comScott DisavinoApr 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.
