Loading…
Oil settled higher as US producers and refiners assessed storm damage. The report notes OPEC+ is set to meet Wednesday on a scheduled 400,000 bpd increase, and Kuwait's oil minister said it could be reconsidered.
Storm-related refinery and production outages tighten near-term supply, while the possibility of a paused OPEC+ increase adds upside risk to crude prices and energy costs.
reuters.comJessica Resnick-aultAug 30, 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.
