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On November 14 Chinese fuel oil futures settled at 4,236 yuan per tonne, up 3.04%, while bitumen settled at 4,413 yuan per tonne, up 0.87%, flipping the spread to a 177 yuan discount. The Brent-WTI spread widened to $7.38 per barrel.
Energy-complex moves of this kind affect diesel and fuel costs for feed transport and processing, but the story does not touch feed commodity supply or demand directly.
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.