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Oil prices rose on Tuesday after a Reuters survey showed OPEC output fell to 28.9 million bpd in September, down 750,000 bpd from August. Renewed optimism over US-China trade talks also lifted sentiment, with Brent up about 1.2% to $59.95 and WTI up about 1.15% to $54.69.
Lower OPEC supply and hopes for a trade deal support crude prices, which feed through to diesel and biofuel costs and to the energy-linked commodities feed buyers track.
english.alarabiya.netJohn BennySep 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.
