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Oil momentum stalled in early February 2018 after a jump in U.S. production and a rebound in inventories rekindled glut worries. Futures trimmed gains after a 2.5% slide in the first two sessions of the week.
Rising U.S. stocks and output weigh on crude, which lowers energy costs that partly support biofuel and feed-processing margins. The move was gradual rather than a sharp break.
energynow.caFeb 1, 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.
