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Oil futures settled higher on September 22 after EIA data showed larger-than-expected crude and distillate draws as Gulf Coast refineries resumed operations. WTI rose $1.74 to above $72 a barrel, and Brent gained $1.83 after the Fed signalled it could begin tapering bond purchases.
Inventory draws and refinery restarts tighten near-term fuel supply, supporting diesel and freight costs. Fed tapering signals could also strengthen the dollar, a modest headwind for commodities.
dtnpf.comLiubov GeorgesSep 22, 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.
