Loading…
Bloomberg analysis attributes a 49% rise in North American crude futures since late June to OPEC discipline, strong refining margins, cold weather and robust foreign demand. Analysts are divided on whether prices can reach $80 a barrel.
The mix of drivers suggests crude price strength may be less dependent on OPEC alone, leaving energy costs for feed production and transport exposed to both supply and demand shifts.
energynow.comJanuary 10, 2018, by Joe Carroll, Kevin Crowley and Laura BlewittJan 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.
