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Analysts expect oil prices to stay elevated because OPEC+ members, including Russia, are struggling to lift output to their raised quotas. Brent and WTI were hovering near their highest levels since 2014 ahead of a planned 400,000 bpd OPEC+ increase.
Limited spare capacity keeps the crude market tight, which supports energy and freight costs for feed producers. A surprise supply increase would be needed to ease prices.
tradearabia.comDUBAIMar 9, 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.
