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Crude futures fell on Sept 29 on reports that OPEC+ could lift output above agreed targets as early as the following week. An unexpected build in US crude inventories and a surging dollar added pressure.
WTI November settled at $74.83 and Brent at $78.64.
Expected OPEC+ supply increases weigh on crude and energy-linked costs, easing input and freight pressure for feed producers. A stronger dollar also reduces the dollar value of US commodity exports.
dtnpf.comLiubov GeorgesSep 29, 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.
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.
