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US crude futures fell nearly 2% while Brent edged higher as oil reacted to OPEC talks on raising output. An EIA report showed a US inventory drawdown, and the dollar index dipped.
Expected OPEC supply increases weigh on crude, but the inventory drawdown offsets some pressure. Energy costs for feed producers remain near current levels.
economies.comRami HaddadMay 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.
