Loading…
Oil prices rose to multi-month highs as supply tightened. Saudi Arabia is expected to extend its 1 million bpd voluntary cut into September, and OPEC output fell 840,000 bpd in July according to a Reuters survey.
Tighter crude supply lifts diesel and energy costs, which raises freight and processing expenses for feed producers.
cnbc.comReutersJul 31, 2023
reuters.comShariq KhanJul 31, 2023Not enough comparable past events yet for a historical read.
Not 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.
