Loading…
Oil prices remained elevated as OPEC and allied output lagged, pushing crude to seven-year highs. Brent was close to $84 a barrel, with inflation becoming a political issue in the United States and elsewhere.
Sustained high crude keeps diesel and fertilizer costs up for feed producers. The article describes an existing trend rather than a new shock.
nytimes.comStanley ReedJan 14, 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.
