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Brent for October and November gained more than $1 a barrel on August 24, and WTI rose nearly 90 cents to end its best week since June. Analysts pointed to US-China trade concerns and expected Iranian export losses from US sanctions.
Expectations of lost Iranian crude exports support higher crude prices, which can lift biofuel and input costs. The commentary describes price moves rather than a new supply shock.
ogj.comPaula DittrickAug 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.
