Loading…
On November 13 afternoon trading, Brent rose 0.26% to $96.04 per barrel while WTI fell 0.20% to $88.59. Brent was set to fall 2.3% on the week after a 16% drop the prior week, and the EIA reported rising US crude and fuel inventories amid weaker demand.
Mixed crude moves with weaker US fuel demand keep energy costs under downward pressure for feed logistics, while Hormuz supply risks leave some upside risk for biofuel-linked feedstocks.
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.