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Oil prices held steady after the start of the U.S.-China trade war, which had not yet affected crude. Strong global demand, supply disruptions, and reduced crude stocks were cited as supportive.
A rumor of added Saudi supply was disavowed, and a better-than-expected natural gas storage injection was slightly bearish.
Strong demand and supply outages support crude prices, while trade-war risks to demand remain a downside factor to monitor.
fuelsmarketnews.comAlan H LevineJul 10, 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.
