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WTI has rallied more than 70% in May, on track for its best month on record, though still roughly 50% below its January high. Improved demand in the US and China and producer cuts drove the gains.
Barclays warned prices could remain volatile.
Strong crude gains and volatility feed through to diesel and freight costs and to biofuel feedstock economics, raising input costs for feed producers.
cnbc.comPippa StevensJun 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.
