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WTI fell almost 10% in the week to February 9, 2018, closing below $60 for the first time that year, as surging U.S. production raised supply fears. Oil futures had their biggest weekly slide since January 2016.
Sharp crude declines lower diesel and biofuel margins, which can pressure soybean oil and palm oil. Continued U.S. supply growth could push prices toward the $50s.
sharecafe.com.auGlenn DyerFeb 11, 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.
