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Oil prices were headed for a fifth straight weekly gain on tight supply expectations, with WTI near $73.38 and Brent near $75.63. Traders were focused on whether OPEC+ would ease output cuts from August at its July 1 meeting.
Market bets that OPEC+ will remain cautious support crude prices, which lift diesel and transport costs for feed supply chains.
ft.lkJun 26, 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.
