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Oil prices fell on Monday on expectations of rising U.S. output and weaker Chinese economic data and COVID curbs. Brent dropped 94 cents to $94.83 and WTI fell $1.37 to $86.53; U.S. output reached nearly 12 million bpd in August.
Higher U.S. supply and weaker Chinese crude demand point to softer energy prices, lowering transport and processing costs for feed.
livemint.comOct 31, 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.
