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WTI crude settled at $114.67 a barrel, down 40 cents, after touching $119.98 earlier in the session, its highest since March 9. There was no settlement on the U.S. Memorial Day holiday Monday.
Crude prices near $115 raise diesel and feed transport costs for buyers, and OPEC+ output decisions feed into energy-linked commodity costs.
reuters.comArathy SomasekharMay 31, 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.
