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Crude prices may fall further next week, with Brent potentially testing $90-92 a barrel, according to Ajit Mishra of Religare Broking. Brent and WTI each fell about 2.5% last week on OPEC+ output gains of roughly 1.96 million barrels per day in October and a 4.66 million barrel rise in US crude inventories.
Rising OPEC+ output and swelling US stocks point to a supply surplus, which tends to lower energy input costs for feed producers. Iran tensions remain the main risk to this bearish outlook.
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.