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Oil prices rose over 1% on Monday on optimism about Chinese demand and supply concerns. Brent settled up $1.07 at $84.07 and WTI for March rose 85 cents to $77.19.
Expectations of stronger Chinese fuel demand support crude and diesel prices, which feed into farm input and freight costs.
reuters.comStephanie KellyFeb 20, 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.
