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Brent for August fell 84 cents to $117.14 and WTI slid 54 cents to $111.22 on June 29 as markets weighed economic concerns against tight supply. Nigeria said it raised more than $482 million from marginal oilfield license auctions.
Exxon and Imperial were reported to be selling shale assets.
Routine price moves with no major new supply shock mean limited direct impact on feed costs. Ongoing macro worries keep energy prices under mild pressure.
arabnews.comNirmal NarayananJun 29, 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.
