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Brent futures settled down $2.82 at $96.49 and WTI fell $2.09 to $89.55 on Wednesday, as worries about slowing global growth and renewed COVID-19 restrictions in China weighed on prices. Output from OPEC and the U.S. has reached its highest levels since early in the pandemic.
Weaker demand and rising supply push crude lower, reducing energy and fertilizer costs and pressuring biofuel-linked vegetable oil demand.
businesstimes.com.sgAug 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.
