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Oil prices slipped on Monday as rising US drilling activity offset OPEC-led supply cuts. Brent traded near $52 and WTI near $49.63, after the previous week's drop of about 3 percent.
Growing US output limits the price support from OPEC cuts, keeping energy costs soft for biofuel and feed-processing margins.
ctrmcenter.comDr. Gary M. VaseyMay 29, 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.
