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Oil prices eased on Friday, with Brent futures near $71 a barrel, down more than 15% from the July high. The article attributes the subdued prices to falling oil markets.
Lower crude prices reduce energy and freight costs for feed producers and weigh on biofuel feedstock values such as vegetable oils.
nytimes.comStanley ReedAug 30, 2024Not 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.
