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Analysts warn that Houthi attacks in the Red Sea and the diversion of oil tankers and shipping will cause a freight supply crunch and higher prices. The effects are expected to reach oil and retail goods such as building materials.
Higher crude oil and freight costs raise input and transport costs for feed production and can feed through to inflation in feed commodity prices.
business.sherbrookerecord.comBy: CNBC.com NewsMay 25, 2018After 626 past bullish geopolitics events, Crude Oil (WTI) moved a median +2.1% over 5 sessions (62% higher; middle half -2.3% to +8.5%), and +1.6% over 20.
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.
