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Oil prices rose more than 1% on Friday ahead of long US and UK holiday weekends but recorded their biggest weekly decline of the year. The drop was driven by rising inventories and concerns about the global economy.
A weekly loss driven by inventory builds and growth worries points to softer energy demand, which tends to weigh on crude and fuel prices and biofuel economics.
reuters.comDevika Krishna KumarMay 24, 2019Not 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.
