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Oil rose 1.5% and posted another weekly gain as OPEC+ kept its plan to raise June output by 432,000 barrels per day. Western nations had called for faster output hikes, but the group did not change course.
Supply concerns from Russia and the unchanged OPEC+ plan point to firm crude prices, which pass through to diesel and freight costs for feed.
cnbc.comReutersMay 5, 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.
