Loading…
Oil prices rose about 2% on Oct 25 as conflict worries in the Middle East lifted crude. Gains were capped by higher US crude inventories and weak economic prospects in Europe.
Brent settled at $90.13 a barrel and WTI at $85.39.
Middle East risk premium supports crude, which feeds diesel and freight costs for feed logistics. Bearish inventory and demand signals limit the upside.
reuters.comNicole JaoOct 25, 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.
