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Oil prices have been stuck in a narrow range, with WTI in the mid-$50s and Brent in the mid-to-low $60s, despite Middle East supply threats and declines in Iran and Venezuela. Analysts say demand concerns tied to the US-China trade war are dominating price direction.
Trade-war demand worries are keeping crude capped, which limits energy-driven support for vegetable oils and biofuel feedstocks.
oilprice.comNick CunninghamJul 29, 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.
