Loading…
Petroleum prices rose in the abbreviated pre-holiday week despite Omicron-related demand concerns. WTI gained 4.3%, Brent 3.5% and ULSD 5%, helped by dollar weakness, a sharp drop in US crude inventories, Russia-Ukraine tensions and a major US Gulf Coast refinery fire.
Rising diesel and crude prices increase transport and processing costs for feed buyers, while dollar weakness can support dollar-priced grain and oilseed exports.
news.cqg.comAndy HechtDec 1, 2021Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
