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Oil fell on Monday June 25 as traders priced in the expected 1 million bpd OPEC output increase agreed the prior week. Analysts said markets would remain relatively tight this year, with Brent at $74.25 and WTI at $68.42.
The expected output increase pressures crude lower, though analysts see limited spare capacity, so the price impact is partial and bearish for energy-linked costs.
fijitimes.com.fjReuters ReutersJul 1, 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.
