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Brent was up 20 US cents at $81.92 a barrel on September 28, holding below the four-year high of $82.55 reached earlier that week. US light crude was 20 cents higher at $72.32.
Iran sanctions take effect on November 4, while analysts noted that OPEC output may be rising.
The move is a routine price update with no new supply shock, so the direct effect on feed costs is minimal. The sanctions timeline remains the key factor for energy-linked input costs.
businesslive.co.zaSep 28, 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.
