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Oil prices fell on March 31 as concerns grew about a slow demand recovery after OPEC and allies cut their 2021 demand growth forecast by 300,000 bpd. Brent for June was down about 0.8% near $63.64 and WTI fell to about $59.52.
Lower crude expectations weaken the energy-linked support for vegetable oils and ethanol margins, pressuring feed-adjacent prices.
cnbc.comReutersMar 31, 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.
