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Brent settled up 51 cents at $84.58 and WTI at $82.79 on Friday after a partial lifting of Russia's fuel export ban. For the week, Brent fell about 11% and WTI over 8%.
Weekly losses reflect demand fears from high interest rates outweighing supply cuts by Saudi Arabia and Russia; lower crude weighs on energy-linked feed costs and biofuel margins.
reuters.comStephanie KellyOct 6, 2023Not 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.
