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Brent settled down $2.05 at $81.62 and WTI fell $2.12 to $76.49 as traders pared expectations of U.S. rate cuts. Brent declined about 2% and WTI more than 3% over the week.
Weaker energy prices lower diesel and transport costs, though the decline is largely a routine market move driven by rate expectations.
reuters.comNicole JaoFeb 23, 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.
