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U.S. crude ended 2018 down about 25 percent at $45.41 a barrel, while Brent fell roughly 19.5 percent for the year, marking the biggest annual loss since 2015. The market swung from shortage worries mid-year to glut fears, with prices losing more than a third of their value in the fourth quarter.
Lower crude weakens the energy cost backdrop and tends to pull down biofuel-linked feedstock values and freight costs for feed buyers. The bearish trend reflects demand worries and oversupply, so the price outlook stays pressured until supply and demand reset.
cnbc.comTom DiChristopherDec 31, 2018Not 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.
