Loading…
Oil prices settled higher on worries about tight supply, even as the Fed and European Central Bank reiterated commitments to fighting inflation. Officials signalled tight monetary policy may last longer than expected.
Tight supply supports energy prices, which lifts biofuel and transport costs for feed, while higher-for-longer rates cap demand growth. Net energy direction is supportive for crude.
reuters.comNicole JaoOct 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.
