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Oil prices fell sharply after Omicron news hit a thin-liquidity market, producing a flash crash. Prices then returned to neutral positioning as liquidity recovered.
Crude is a key input for diesel and biofuel margins that feed into feed-ingredient costs, so the sharp swing signals short-term volatility in energy-linked feed inputs. The move is largely a positioning-driven reversal rather than a lasting change in supply or demand.
reuters.comJohn KempDec 1, 2021Not 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.
