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Global oil prices edged up at the close of the final trading session of the week, with Brent settling at $96.13 a barrel, up 0.32%, and WTI at $88.92, up 0.20%. Both benchmarks still finished the week down about 2%.
The small late-week gain reflects tension over Strait of Hormuz tanker attacks offset by expectations of renewed US-Iran talks and rising US inventories. Price moves are modest, so the effect on feed input costs is limited.
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.