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US EIA data for the week ending June 2 showed higher US gasoline and distillate inventories, while crude stocks fell by 0.5 million barrels. Brent traded near $76.73 and WTI near $72.33 in early trade.
Indian MCX crude futures also declined.
Rising product stocks weigh on energy prices, which can lower biofuel and feed-input costs but have a limited direct effect on feed grain prices.
thehindubusinessline.comBL Mangaluru BureauJun 8, 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.
