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Oil prices edged higher after OPEC announced the date of its December meeting, reviving optimism about supply restraint. The IEA said it sees ample supply from slowing growth, especially in China, and expects U.S. output to drive most supply growth.
The EIA raised its U.S. production forecast for 2019 and 2020.
Supply-cut expectations support prices, while rising U.S. output and weak Chinese growth cap the upside. The balance between these forces determines energy costs for feed production and transport.
oilprice.comTom KoolDec 1, 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.
