Loading…
Oil prices fell sharply as concern grew about how much crude the fragile world economy needs. Jet fuel demand remained very weak after the US summer driving season ended.
The selling was described as driven largely by demand concerns following a Saudi Arabia signal.
Weak fuel demand and Saudi pricing signals point to lower crude prices. Lower energy costs can ease feed input expenses but reduce biofuel margins.
cnn.comMatt EganSep 8, 2020Not 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.
Same-day coverage of the collapse on demand concerns after the Saudi price-cut signal, with weak jet fuel demand.
