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Oil prices edged higher on January 29 but traded in a tight range. Brent for March rose to $56.13 a barrel and WTI to $53.04, as new coronavirus variants and slow vaccine rollouts offset Saudi output cuts and a drop in US inventories.
Crude is holding firm with limited direction, so energy costs for feed logistics are stable in the near term. Demand worries cap upside even as supply cuts provide support.
financialpost.comReutersJan 29, 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.
