Loading…
Brent for June delivery rose to $68.01 and WTI to $60.46 on March 31, both having gained roughly 27–32% in the first quarter. The gains reflected OPEC and other producer supply cuts plus US sanctions on Iran and Venezuela, partly offset by global growth worries and the US-China trade war.
Higher crude raises diesel and fertilizer costs and can lift biofuel economics, supporting vegetable oil and corn demand. Analysts expect limited further upside given US shale response.
cnbc.comReutersApr 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.
