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US Food Crop Fears Push Oil Prices Higher

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Published:
Wed, Jun 21, 2023
Editor
Chris Raine
Rise,,Gasoline,Prices,Trading,Oil
Golden Dayz/Shutterstock

Oil prices improved on Wednesday as US corn and soybean prices raced to multi-month highs, raising expectations that crop shortfalls around the globe could lower biofuels blending and increase oil demand.

Topics:
Oil Futures and Derivatives, Oil Prices, Oil Demand, Oil Supply, Oil Inventories
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