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Oil settled up $2 on optimism over U.S. debt ceiling negotiations and oil demand, outweighing concerns about abundant supply. U.S. crude stockpiles rose 5 million barrels according to the EIA.
Improved demand and debt-deal hopes support crude prices, which lift diesel and energy costs for feed logistics.
reuters.comLaura SanicolaMay 17, 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.
