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February NYMEX crude fell more than $3 on December 24 to settle at $42.53 a barrel, its lowest close since June 2017. Analysts blamed volatile U.S. stock markets and ample production, with prices down about 40 percent from early October highs.
Sharply weaker crude lowers energy costs and biofuel margins, which can weigh on vegetable oil and feed-related values. The selloff is driven by equity weakness and oversupply rather than a supply shortfall.
ogj.comPaula DittrickDec 26, 2018Not 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.
