Loading…
Oil settled up more than $3 a barrel on June 24, supported by tight supply. Prices still posted a second straight weekly decline on concerns that rising interest rates could push the world economy into recession.
Brent settled at $113.12 and WTI at $107.62.
Tight physical supply supports prices, but recession worries cap gains. The mixed signals leave the net energy price outlook for feed costs unchanged.
reuters.comLaura SanicolaJul 1, 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.
