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US crude futures rose above $50 a barrel in January, reaching their highest level since February. Shale producers are using futures markets to lock in higher sale prices rather than ramping up output.
Hedging rather than drilling means US supply growth will stay restrained, which supports crude prices and the energy input costs that matter to feed buyers.
reuters.comDevika Krishna KumarJan 15, 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.
