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Brent settled up $1.38 to $87.55 a barrel, its highest level in the period, while WTI also rose. Gains followed strong US fuel demand and tighter supply, with distillate inventories also noted.
Strong US fuel demand and tighter supplies lift crude and diesel costs, raising energy and transport expenses for feed producers.
reuters.comArathy SomasekharAug 9, 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.
