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Brent crude held above $70 per barrel on a Monday, with WTI around $66.34. Prices were supported by OPEC and Russian supply cuts running through 2018, strong demand, and a weaker dollar.
Higher crude raises diesel and fertilizer costs and can support biofuel-linked vegetable oil demand, while a weaker dollar makes dollar-priced commodities cheaper for importers.
zeebiz.comReutersJan 29, 2018Not enough comparable past events yet for a historical read.
Not 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.
