Loading…
Brent crude was little changed in early Friday trading and was set to post its first monthly gain of the year. A steep drawdown in oil stocks and OPEC+ output cuts outweighed demand worries tied to rising interest rates.
Tightening inventories and continued OPEC+ supply restraint support crude prices, which feed into diesel and freight costs for feed logistics.
reuters.comArathy SomasekharJun 30, 2023Not 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.
