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Wholesale energy prices fell across the curve in the week to 12 October, with Brent averaging $83.1/bl and dropping below $80.5 by week's end. The US said it would discuss possible waivers for Iranian imports, and US equities fell amid US-China trade tensions.
Lower crude and energy costs reduce input costs for feed and transport, while Iran sanctions waiver talks and trade disputes add two-sided supply and demand risk.
teamenergy.comadminOct 12, 2018Not 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.
Week-ending summary notes Brent falling below $80.5 on 11-12 October as the US signaled possible waivers for Iranian imports (easing supply concerns) and US equities sold off on trade tensions (demand/sentiment), matching the 1-day drop on Oct 11.
