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Brent settled at $81.60 a barrel, down $1.17, and WTI settled at $76.64, down $1.23, on February 14. Prices fell as surging US crude inventories weighed on the market.
Security concerns offered only limited support.
A rise in US crude stocks signals softer demand relative to supply, which pressures energy prices and the cost of biofuel feedstock. The move is routine and has little direct bearing on feed grain or meal prices.
reuters.comLaila KearneyFeb 14, 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.
