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U.S. crude settled up 1.2% at $51.68 a barrel on Friday, its biggest weekly gain since February 2011. Brent was on track for its biggest weekly rally since 2009 following OPEC's first production cut agreement since 2008.
Strong crude gains after the OPEC cut raise energy input costs and support vegetable oil prices. A weaker dollar also helped support prices this week.
cnbc.comReutersDec 2, 2016Not enough comparable past events yet for a historical read.
Not 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.
