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Brent fell 75 cents to $82.80 a barrel and WTI lost $1.23 to $78.74 after OPEC+ extended voluntary output cuts through the second quarter. Analysts said the extension had been widely expected and was partly priced in.
Market reaction suggests limited energy cost change, so feed input costs from fuel and biofuel links are little altered.
cnbc.comLee Ying ShanMar 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.
