Loading…
US crude futures closed at $46.04 a barrel on June 30, up 2.5% on the day and 7% for the week, extending a seventh straight session of gains. Oil still posted its worst first-half performance since 1998, with Brent down about 16% year to date.
A Baker Hughes report showed the US oil rig count fell for the first time since January, to 756.
Persistent oversupply concerns keep the crude complex under pressure, and weaker energy prices lower biofuel and ethanol economics, which can weigh on demand for corn and vegetable oils. The short-term rebound is modest against a bearish first-half backdrop.
cnbc.comReutersJul 1, 2017Not 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.
