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Oil settled higher with Brent topping $76 as U.S. crude supplies tightened. The dollar weakened after the Federal Reserve said it had not yet set a timeline for tapering bond purchases.
Higher crude raises biofuel and freight costs and supports vegetable oil and feed grain prices, while a softer dollar adds further support.
reuters.comJessica Resnick-aultJul 29, 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.
