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Oil was flat on the week, with Brent settling at $83.16 and WTI at $76.32 on Friday. Prices were supported by expected lower Russian exports but pressured by U.S. inventories at their highest since May 2021.
Record-high-since-2021 U.S. inventories offset supply support from Russia, leaving energy costs range-bound for feed-related inputs.
cnbc.comReutersFeb 24, 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.
