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Oil prices rose for a second day on Wednesday as U.S. crude and fuel stocks fell and the dollar weakened. Brent settled up $3.05 at $89.32 and WTI rose $3.65 to $82.15.
A weaker dollar and falling U.S. inventories lift crude and energy costs, which can support soybean oil and biofuel economics. The move is mostly energy-driven.
reuters.comDavid GaffenSep 28, 2022Not enough comparable past events yet for a historical read.
Not 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.
