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Oil gained about 3% on Thursday, with Brent settling at $96.59 and WTI at $90.50. Gains came on positive U.S. economic data and robust U.S. fuel consumption that offset worries about slowing growth elsewhere.
Stronger U.S. fuel demand lifts crude prices, supporting biofuel economics and energy input costs for feed ingredients.
reuters.comScott DisavinoAug 18, 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.
