Loading…
Oil extended losses after an API report showed a 4.15 million-barrel rise in U.S. crude stocks last week, against expectations of a decline. Futures fell toward $44 a barrel in New York, and gasoline and diesel inventories also rose.
Higher U.S. crude and fuel stocks weigh on energy prices, which lowers the cost of diesel and freight and can reduce the appeal of biofuel feedstocks such as soybean oil.
bloomberg.comAndres Guerra Luz, Alex LongleyNov 30, 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.
