Loading…
Brent rose $1.60, or 1.8%, to $91.50 a barrel and WTI gained $1.66, or 1.9%, to $88.32. Both benchmarks reached session highs above $3 higher.
The EIA reported a 4.5 million barrel draw in US crude stockpiles for the week ended October 13.
A larger-than-expected US inventory draw and Middle East tension lift crude and diesel costs, raising energy and freight expenses for feed producers.
reuters.comScott DisavinoNov 1, 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.
