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Oil prices fell more than $3 a barrel on higher U.S. gasoline stockpiles. An ECB rate hike also stoked demand worries while oil supply returned.
Rising inventories and weaker demand expectations point to softer crude prices, which can ease input costs for feed energy and freight but also lower biofuel-linked demand for vegetable oils.
reuters.comLaila KearneyJul 21, 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.
