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Oil rose to its highest level in more than eight months after EIA data showed a surprise 754,000-barrel drop in U.S. crude inventories, with a 1.7 million-barrel draw at Cushing. Gains were capped by weak gasoline demand and lingering concerns about oil demand.
Stronger energy prices raise the cost of diesel and freight and tend to support vegetable oil and biofuel feedstock values, which can lift soybean oil and palm oil prices.
cnbc.comReutersNov 25, 2020Not enough comparable past events yet for a historical read.
Not 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.
