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Oil fell about 1% on Tuesday after posting its best month since May, as investors awaited OPEC+ direction. Brent settled 0.6% lower at $47.42 and WTI slid 1.74% to $44.55 after the group delayed its output talks.
The delay in OPEC+ talks removed the expected supply cut rollover, leaving crude prices sensitive to the outcome. Lower crude reduces biofuel demand support for vegetable oils.
cnbc.comReutersDec 1, 2020Not 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.
