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Brent crude for September settled down 43 cents at $106.92 a barrel. U.S. WTI crude for August fell $1.96 to $102.26 as U.S. summer gasoline demand disappointed.
Weaker crude prices lower diesel and energy costs for feed transport and grain drying, and they can ease fertilizer and feed-ingredient input pressure. Soft fuel demand also weighs on biofuel-linked vegetable oil and corn ethanol margins.
reuters.comStephanie KellyJul 20, 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.
