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Oil fell about 3% for the week ended Oct 27 as traders reacted to shifting Middle East headlines. Hamas tied hostage releases to a ceasefire, and Israel prepared a possible ground invasion while the US urged delay.
WTI settled at $85.54 and Brent at $90.48 on Friday.
Headline-driven volatility keeps crude prices unsettled, which affects energy and freight costs for feed buyers. No new supply change was reported.
finance.yahoo.comInvesting.comOct 27, 2023Not 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.
