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WTI settled above $81 a barrel, its highest since November and above the $80 level that had capped prices for several months. Oil rose to its highest closing price of 2024 so far.
Routine price move with no new supply shock, but higher crude keeps diesel and energy costs elevated for feed logistics.
bloomberg.comJulia FanzeresMar 13, 2024Not 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.
