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The EIA's October Short-Term Energy Outlook forecasts Brent averaging $52/b in 2017 and $54/b in 2018, and expects winter household fuel expenditures to rise. Gasoline retail prices fell after Hurricane Harvey disruptions eased.
Higher crude forecasts raise diesel and freight costs and support biofuel economics, which can lift vegetable oil and corn demand.
fuelsmarketnews.comFuels Market NewsOct 17, 2017After 116 past bullish report events, Crude Oil (Brent) moved a median +1.3% over 5 sessions (66% higher; middle half -1.0% to +3.1%), and +2.0% over 20.
After 131 past bullish report events, Crude Oil (WTI) moved a median +1.2% over 5 sessions (60% higher; middle half -1.3% to +3.4%), and +2.9% over 20.
After 40 past neutral report events, Natural Gas moved a median +1.2% over 5 sessions (60% higher; middle half -3.5% to +2.8%), and +4.5% over 20.
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.
