Loading…
Oil settled lower on Tuesday as investors worried about weaker U.S. consumer confidence and an upcoming Strategic Petroleum Reserve release. Brent fell 75 cents to $104.40 and WTI fell to $94.98.
Lower crude and an SPR release add supply to the market and reduce diesel and energy costs for feed milling and transport. Lower energy prices also reduce biofuel economics for vegetable oils and corn.
reuters.comLaura SanicolaJul 26, 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.
