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Oil prices edged up in early trade on October 5, recovering some of the previous day's losses of more than $5. OPEC+ made no changes to output policy, with Saudi Arabia keeping its 1 million bpd voluntary cut and Russia its 300,000 bpd export curb through December.
The OPEC+ hold supports crude, but weaker economic data and falling fuel demand are pulling prices down. Those competing forces make the net direction for diesel and fuel costs uncertain in the near term.
cnbc.comReutersOct 5, 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.
