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U.S. crude settled up 11 cents at $52.23 on Tuesday, while Brent rose to $55.56 a barrel. Analysts forecast a large draw in U.S. crude stockpiles, and the rally came despite a dollar that hit a 14-year high.
Expectations of tighter inventories support crude prices, which tend to support biofuel and vegetable oil values. The strong dollar is a headwind for dollar-denominated commodities.
cnbc.comReutersDec 20, 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.
