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Oil rose about 1% on signs of tightening supplies, while traders continued to price in Federal Reserve rate cuts no earlier than later in the year. Concerns that cuts could take longer have weighed on prices.
Tighter supply signals support crude and diesel costs, though rate expectations cap the upside for energy input prices.
reuters.comShariq KhanFeb 21, 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.
