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Analysts quoted by PTI expect crude prices to stay under pressure next week as ample supply and rising inventories cap prices. Ajit Mishra of Religare Broking said Brent could test $90-92 a barrel, while US-Iran tensions around the Strait of Hormuz remain a source of possible volatility.
A softer crude price lowers diesel, fuel and fertilizer costs for feed producers and can ease pressure on biofuel-linked feedstock prices. Geopolitical risk around Hormuz remains the main upside threat.
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.