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Brent futures fell 0.3% to $74.72 on July 31 after a Reuters survey showed OPEC output rose to a 2018 high in July. Brent was set for its biggest monthly loss since July 2016, and Trump signaled willingness to meet Iran's Rouhani without preconditions.
Monthly crude losses lower diesel and fertilizer costs for feed producers. Easing Iran tensions reduce geopolitical risk premium, reinforcing downside pressure.
daily.energybulletin.orgTom WhippleJul 31, 2018
energy.economictimes.indiatimes.comJul 31, 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.
