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South African households faced rising fuel costs, weak real salary growth and higher food expenses in the week. Brent crude rose 0.87% to $115.88 a barrel while gold fell 0.89%.
Continued Middle East conflict and possible further US rate increases kept currency and commodity markets volatile.
Higher oil prices raise diesel and freight costs for feed producers and can pull biofuel-linked vegetable oil and corn prices higher. The rand's weakness against the dollar adds to imported feed input costs.
thenational.co.zaAshley LechmanNov 1, 2026After 323 past bullish macro events, Crude Oil (Brent) moved a median +0.7% over 5 sessions (58% higher; middle half -2.9% to +3.7%), and +1.3% 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.
