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Oil prices slid about 2% on June 29 as US gasoline and distillate inventories rose and refiners ramped up runs to about 95% of capacity. US crude production reached its highest level since April 2020.
Brent August settled at $116.26 and WTI at $109.78.
Rising US fuel and crude supplies ease the tightness in energy markets, which can lower diesel and transport costs for feed mills and grain logistics.
reuters.comDavid GaffenJul 1, 2022Not enough comparable past events yet for a historical read.
Not 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.
