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Brent and WTI rose for a fifth straight week, settling at $76.18 and $74.05 on June 25 as demand growth was expected to outpace supply. Markets were watching OPEC+ on July 1 for its plan to ease output cuts from August, while prospects of Iranian sanctions relief dimmed.
A tighter crude outlook supports energy and transport costs for feed producers, while a larger OPEC+ supply increase would be the main downside risk.
marhaba.qaSarah PalmerJun 27, 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.
