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Brent settled slightly higher at $85.12 and WTI at $80.70 after benchmarks rose more than 6% during the week following OPEC+'s surprise output cut. Trading was closed for the Good Friday holiday.
The rally reflects a tighter crude supply outlook, which raises diesel and transport costs and can support vegetable oil prices through biofuel demand.
reuters.comArathy SomasekharApr 6, 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.
