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Oil fell on June 27 despite a US crude inventory draw, with Brent down 19 cents to $66.30 and WTI down to $59.19. Traders were awaiting the G20 summit in Japan and an OPEC+ meeting on extending output cuts.
Doubts about a US-China trade breakthrough and nervousness over output cuts are capping crude prices, which feed into diesel and freight costs for feed producers.
thehindubusinessline.comReutersJun 27, 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.
