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Brent crude rose above $80 for the first time since 2018 on September 28, reaching $80.69 intraday, while the British pound fell 1.3% on inflation fears. Brent had gained about 55% year to date amid an European energy crisis.
Surging crude adds to input cost inflation across the energy complex, supporting prices for energy-linked feed inputs and biofuel feedstocks.
bbc.co.ukBBCOct 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.
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.
