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Analysts said crude oil's recovery may be capped in the long term by weak global consumption and soft retail sentiment. A short-term pullback of up to 5% was flagged, though OPEC+ output cuts are expected to support prices in the near term.
OPEC+ supply cuts support crude and, through energy-linked costs, vegetable oil and feed prices. Weaker demand limits how much crude can rally.
themalaysianreserve.comDzulFeb 14, 2021Not 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.
