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Brent crude rose above $68 per barrel after reaching its highest level since May 2015, supported by OPEC and allied output cuts due to run through end-2018. Some OPEC members fear the rally will stimulate more US shale output and weigh on market share.
Sustained crude strength supports energy costs for feed and freight, but OPEC's concern about shale response signals a possible future supply increase that could cap prices.
zeebiz.comReutersJan 9, 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.
