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Oil prices edged up on Monday, supported by a stronger equities market and news that the US and Mexico agreed to overhaul NAFTA. Brent settled at $76.21 and WTI at $68.87.
A monitoring committee found OPEC and non-OPEC producers cut July output by 9% more than agreed.
Crude moves feed through to diesel and freight costs for feed ingredients. Small gains on trade and equity sentiment point to firmer energy costs, but the move is modest.
reuters.comStephanie KellyAug 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.
