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Crude oil rose back above $80 a barrel after falling to 9-month lows, and diesel rebounded about 30 cents from its weekly low. Hurricane Ian temporarily cut around 4% of US oil production, several French refineries were offline due to strikes, and OPEC+ was considering production cuts.
Supply disruptions from the hurricane, French refinery outages, and possible OPEC+ cuts support crude and diesel prices. These factors could raise fuel and freight costs for feed buyers.
mansfield.energyAlan ApthorpSep 30, 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.
