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Oil prices fell after OPEC and Russia extended production cuts for nine months, as OECD storage remained about 350 million barrels above normal. The author argues that rising northern hemisphere summer driving demand could tighten the market.
Stronger expected fuel demand could firm crude prices, supporting energy-linked costs and biofuel economics for feed-ingredient markets.
financialpost.comJackie ForrestMay 31, 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.
