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Oil prices rose on February 1 after OPEC+ members kept their production policy unchanged at an online meeting. Brent was up 0.78% at $81.18 a barrel and WTI was up 0.8% at $76.46.
Oil moved higher on the policy hold, which keeps the voluntary cuts in place and supports crude prices. This feeds into energy costs for feed production and transport.
thenationalnews.comFareed RahmanFeb 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.
