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Brent futures settled 75 cents lower at $82.80 a barrel on March 4 despite the OPEC+ cut extension. Weak heating oil demand and talk of a Gaza ceasefire weighed on prices.
Softer crude reduces pressure on biofuel margins and freight costs, modestly easing input costs for feed producers.
reuters.comLaura SanicolaMar 4, 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.
