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Oil prices settled lower on Wednesday as a stronger U.S. dollar and weak Chinese economic data weighed on crude. Brent for August delivery fell $1.11 to $72.60 a barrel and WTI dropped 2% to $68.09.
Crude weakness lowers diesel and energy costs for feed production and transport, though the move is routine market commentary with no major new supply driver.
reuters.comLaura SanicolaMay 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.
