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Oil settled lower on Friday, January 21, 2022, with Brent at $87.89 and WTI at $85.14, but both benchmarks rose for a fifth consecutive week on supply concerns. Gains for the week were around 2%.
Persistently firm crude keeps diesel and energy-linked input costs elevated for feed producers. The move is routine price commentary with limited new cause.
reuters.comScott DisavinoJan 21, 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.
