1 month ago
10
An unwinding of output cuts volition exert downward unit connected lipid prices, says ANZ Research
OPEC+’s program to commencement raising output adjacent period and the latest circular of U.S. tariffs connected commercialized partners are weighing connected the lipid market’s outlook, raising concerns astir a proviso surplus and request maturation this year.
Brent crude is trading adjacent a five-month low, down astir 15% from a precocious of $82 a tube successful January. Mid-afternoon successful Europe, it fell 2% to $70.19 a barrel, with the U.S. benchmark, West Texas Intermediate, down 1.6% to $67.27 a barrel.
Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
English (CA) · 
English (US) · 
Spanish (MX) ·