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Oil prices were little changed on January 23 as rising U.S. stockpiles offset optimism about Lunar New Year demand in China. WTI dipped 2 cents to $81.62, marking only the second decline in recent sessions.
Rising U.S. inventories weigh on WTI and limit the price pressure on energy costs for feed mills and transport.
bloomberg.comJulia FanzeresJan 22, 2023Not 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.
