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Brent crude fell to $44.51 on June 21, its lowest level of 2017 and down more than 20% from the January high. The decline followed larger-than-expected US crude and gasoline inventories and output increases in Libya and Nigeria.
Sub-$45 crude signals a weaker energy complex and lower diesel and fertilizer costs, though it also raises concerns about broader market growth.
news.sky.comSharon Marris, Business ReporterJul 1, 2017Not enough comparable past events yet for a historical read.
Not 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.
