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Crude oil rebounded as OPEC+ struggled to agree on extending production cuts, with talks delayed to Nov 30 over African output levels. Analysts expected an agreement could push WTI above $80 and Brent above $83, while a collapse in talks could send prices to multi-month lows.
Uncertainty over OPEC+ output keeps crude volatile, which affects diesel and energy costs for feed mills and the biofuel demand outlook for vegetable oils.
investing.comNov 29, 2023Not 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.
