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WTI and Brent crude rose for a third day after an EIA weekly report showed U.S. imports of Saudi crude fell by more than half to 442,000 bpd, the second-lowest level since 2010. WTI was near $54.58 and Brent near $62.17.
Lower Saudi cargoes into the U.S. signal OPEC supply cuts tightening the market, supporting crude prices. Higher energy costs typically feed through to diesel and biofuel economics, which can support soybean oil and feed-ingredient pricing.
cnbc.comReutersJan 31, 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.
