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The article describes a sharp retreat in oil prices that recalls the 2014 crash and worries OPEC members. Saudi Arabia, the most powerful OPEC member, made a statement on Nov.
20 that is cut off in the text.
A sharp price fall threatens OPEC's revenue and may prompt supply action, which could later reverse the price trend. Energy price swings also feed into feed-ingredient costs.
nytimes.comNov 20, 2018Not enough comparable past events yet for a historical read.
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.
Nov 20 coverage of the sharp oil retreat and a Saudi statement that worried OPEC; sentiment on supply policy.
