Loading…
Oil settled higher on July 30, 2018 despite a Reuters survey showing OPEC output rose 70,000 bpd in July. WTI closed above $70 a barrel for the first time in three weeks, with US inventories at a three-year low.
Tight US inventories and lower global supply kept prices firm despite the OPEC output increase, supporting crude costs that feed into energy and freight expenses for feed producers.
spragueenergy.comspragueoperatiJul 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.
