Loading…
The Brent physical crude market is showing renewed weakness as Asian buying slows, US crude flows into Europe, and barrels are coming out of storage. Together these factors are recreating a glut in the North Sea.
A weaker physical Brent market points to softer crude prices, which lowers energy costs for feed production and transport and can weigh on biofuel-linked demand for vegetable oils.
bloomberg.comJavier Blas, Rupert RowlingApr 20, 2017Not 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.
