Loading…
Oil settled lower on Wednesday as traders weighed concerns over a surge in COVID cases and weak China demand. Brent settled at $83.26 and WTI at $78.96.
Softer crude weakens the energy link for biofuel feedstocks and vegetable oils, adding modest downward pressure on soyoil and palm oil.
reuters.comShariq KhanDec 28, 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.
