Loading…
Oil rose on Sept 13 to a one-week high, with Brent at $73.51 and WTI at $70.45, on concerns over shut US output after Hurricane Ida. OPEC trimmed its fourth-quarter 2021 demand forecast citing the Delta variant.
The EIA expects Brent to average $71 in the fourth quarter.
Hurricane-related US supply losses support crude and diesel prices, raising energy costs for feed logistics. Weaker OPEC demand expectations limit the upside.
cnbc.comReutersSep 13, 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.
