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Brent crude was trading near $88 a barrel after recovering from near one-year lows around $80 earlier in the week. Analysts said prices could fall further without another OPEC+ production cut.
Lower crude prices reduce diesel and biofuel feedstock costs and weaken the economics of biofuel-linked crushing, which can pressure soyoil and vegetable oil values.
reuters.comAhmad Ghaddar, Rowena EdwardsDec 1, 2022Not 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.
