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Oil prices firmed more than 1% before paring gains on Thursday, with Brent settling up 2% at $82.21 and WTI up 2% at $75.39 after six sessions of losses. Russian supply curbs partly offset an expected rise in U.S. inventories.
Equities also advanced despite higher interest rate expectations.
A short-term rebound driven by Russian supply curbs has limited effect on feed costs, though it shows crude remains sensitive to supply news.
reuters.comChibuike OguhFeb 23, 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.
