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Brent crude rose as high as about $86 a barrel during 2021 after starting the year near $52, before easing at year-end. Forecasters expect prices to resume their upward path in 2022 unless supply increases, with some researchers projecting Brent to average $85.
Sustained high crude prices raise diesel and energy costs for feed mills, grain transport and fertilizer, and tend to support biofuel-linked demand for vegetable oils.
reuters.comStephanie KellyDec 23, 2021Not 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.
