Loading…
Oil prices settled lower on the final trading day of 2019 but posted the biggest annual gains since 2016. WTI fell to $61.06 and Brent to $66.65, while OPEC+ deepened cuts to 2.1 million bpd for 2020.
Expected US shale rebound in 2020 could cap crude gains, which would ease energy costs for feed and biofuel buyers over time.
investing.comDec 31, 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.
