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Brent crude futures were unchanged at $45.81 a barrel and WTI rose 8 cents to $43.05 on Monday, with Brent on track for a fifth straight monthly gain. Prices were supported by global stimulus and a weak US dollar, even as fuel demand struggled to recover and supplies stayed ample.
Crude prices feed into diesel and energy costs for feed mills and transport, and a weaker dollar makes commodities cheaper for non-US buyers. Oversupply and weak demand limit the upside.
cnbc.comReutersAug 31, 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.
