Loading…
An FT video explains that OPEC and allied producers agreed to curb output in late 2016, pushing prices above $50 before the gains faded. It frames the outlook as a tug of war between the OPEC-plus cuts and a resurgent US shale industry.
The unresolved balance between OPEC cuts and US shale output keeps crude price direction uncertain, which affects energy costs across feed and biofuel supply chains.
ft.comApr 12, 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.
