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Oil rose for a fifth straight session after a bigger-than-forecast drop in US crude stockpiles. WTI for February gained to about $62.08 and Brent rose to about $68.82 a barrel.
Higher crude prices raise diesel and transport costs for feed mills and support biofuel economics, though this is routine price movement.
ttnews.comSaket Sundria, Alex LongleyDec 30, 2019Not 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.
