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Crude oil rebounded on December 26 after the Christmas Eve selloff, with WTI up 8.7 percent to $46.22 and Brent up 7.9 percent to $54.76. Prices slipped again the next morning as analysts expected oversupply concerns to keep the outlook gloomy.
Crude remains volatile and well below earlier peaks, which keeps energy-linked input costs and biofuel economics under pressure. The short rally did not change the bearish oversupply narrative for feed-related markets.
upi.comRenzo PipoliDec 27, 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.
