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Oil prices see-sawed on Wednesday, reaching their highest in more than two years before retreating. The retreat followed a weekly U.S. government inventory report showing a smaller crude stock draw than an industry group had estimated.
The intraday reversal shows the market is near resistance at multi-year highs, so price direction is uncertain. Moves of this size have limited direct impact on feed grain prices.
reuters.comScott DiSavinoNov 1, 2017Not 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.
