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Oil fell for a second straight session on concerns about China's demand outlook and limited U.S. demand. Brent for February delivery settled at $82.26 and WTI at $78.40.
Weaker crude reduces energy costs for biofuel production and lowers the value of vegetable oils used in biodiesel, pressuring soyoil and palm oil prices.
reuters.comDec 29, 2022Not 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.
