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WTI and Brent settled higher on Friday, posting their strongest weekly gains in over a month. Optimism over a near-final U.S.-China trade deal and a surprise draw in U.S. crude inventories supported prices, with possible OPEC action to extend output cuts also cited.
Expectations of renewed Chinese demand and tighter U.S. crude supplies lift energy prices, which feed through to diesel and freight costs for feed buyers.
financialpost.comReutersOct 25, 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.
