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Crude oil has risen in 2018, with WTI rallying from the $40-55 range to about $66 in late January and Brent trading above $70 by late March. Geopolitical risks involving Iran and Venezuela, along with US-China trade tensions, have supported prices.
Higher crude prices raise diesel, fuel and freight costs for feed producers. Geopolitical risk premiums keep the market sensitive to new supply threats.
moneycontrol.comMoneycontrol NewsApr 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.
