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Oil rose about 3% to a one-week high on Wednesday on hopes for an improved global economy, despite a surprise large build in U.S. crude stocks. Brent settled up $2.57 at $82.67 a barrel.
Stronger global growth expectations lift crude prices, which raises energy and transport costs for feed buyers.
reuters.comScott DisavinoJan 11, 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.
