Loading…
Oil futures settled 1.7% higher after Goldman Sachs forecast Brent reaching $82.50 within six months. Goldman also said the oil market rebalancing has likely been achieved earlier than expected.
A bank forecast of higher prices supports energy-linked costs for feed producers, including diesel and natural gas. The effect on grain and meal prices is indirect.
bloomberg.comJessica SummersFeb 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.
