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Energy markets were mixed as oil rose on signs of stronger demand from China while European gas prices surged on French strike action and nuclear outages. ICE Brent settled almost 1.5% higher on the prior Friday.
Stronger crude and European gas prices raise energy and fertilizer costs, while Chinese demand supports oil-linked input prices.
think.ing.comWarren Patterson, Ewa MantheyMar 13, 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.
