Loading…
Energy Intelligence reports that global oil inventories are back near average five-year OECD levels and OPEC is close to its rebalancing goal. Seasonal factors are regaining influence as the market moves from spring into summer in the Northern Hemisphere.
As the market becomes more sensitive to seasonal demand, crude price moves may track the summer driving season and refinery demand, which influences diesel costs for feed logistics.
energyintel.comApr 10, 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.
