Loading…
Oil settled lower as concerns about economic growth outweighed the effect of OPEC+ supply cuts. The cuts total about 5.16 million bpd, equal to 1.5% of global supply.
Economic worries limit crude price gains even with large supply cuts, which helps keep energy and fuel costs for feed mills steadier.
reuters.comLaura SanicolaJul 3, 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.
