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Oil prices have settled in the mid-to-low $40s, and analysts have stopped expecting a major rally toward $50. Demand recovery in India, South America and Europe has lagged China's, and OPEC+ members' compliance with cuts has been uneven.
Persistent demand weakness and ample supply cap crude prices, which keeps energy and freight costs for feed ingredients contained.
brecorder.comBR ResearchAug 26, 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.
