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OPEC raised crude production by 278,000 barrels per day from July to August, citing concerns over global supply and US sanctions on Iran. Brent hovered near $80 a barrel, the highest since 2014, while Russia's energy minister said US trade measures against China add a $5 to $6 premium to crude.
Rising crude costs push up diesel and freight expenses for feed makers, and the trade-war premium signals that US-China tariffs are also affecting energy demand.
upi.comNicholas SakelarisSep 12, 2018Not enough comparable past events yet for a historical read.
Not 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.
