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Oil edged higher on a report that Iran may be preparing an attack, with WTI surging as much as 3.2% before settling just below $70 on Friday. Brent settled near $73.
Routine price moves driven by Middle East risk sentiment; the effect on feed-ingredient prices is indirect through energy costs.
bloomberg.comMaggie Eastland, Mia Gindis, Alex LongleyOct 31, 2024Not 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.
