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U.S. crude ended lower for an 11th consecutive session, settling at $59.93 after a drop of about 26 cents. Pressure came from rising global supply and fears of slowing demand, particularly from countries whose weaker currencies reduced their purchasing power.
Weaker currencies in importing countries cut their ability to buy energy and commodities, which adds to downward price pressure on crude and related inputs.
reuters.comJessica Resnick-AultNov 12, 2018Not 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.
