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Major oil exporters agreed on Sunday to keep production steady in November while the Iran war has pushed Brent above $100 a barrel. The group will meet again on November 1 to review market conditions.
Holding output flat while Gulf supply is constrained keeps crude prices elevated, which raises the energy and transport costs behind feed ingredients.
apnews.comThe Associated PressOct 4, 2026After 175 past neutral policy events, Crude Oil (Brent) moved a median -0.9% over 5 sessions (45% higher; middle half -3.6% to +3.0%), and +0.7% over 20.
After 187 past neutral policy events, Crude Oil (WTI) moved a median -0.1% over 5 sessions (49% higher; middle half -4.0% to +3.5%), and +0.1% over 20.
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.
