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Oil prices fell for a second day after U.S. crude inventories rose by 4.6 million barrels, exceeding expectations, as Gulf offshore output resumed after Hurricane Ida. Brent slipped 0.6% to $78.58 and U.S. crude to $74.84, with OPEC+ maintaining its gradual approach to adding supply.
Rebounding US output and inventory builds ease crude tightness, slightly reducing support for biofuel economics and vegetable oil prices.
cnbc.comReutersSep 29, 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.
