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Oil settled up about $1 a barrel on Friday for a second straight weekly gain, as China's economic outlook improved. Brent settled at $87.63 and U.S. crude at $81.31.
Improved Chinese demand prospects lift crude and energy costs, which can pressure feed-mill and freight margins.
reuters.comLaila KearneyJan 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.
