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Oil prices fell about 2% on Thursday, extending the prior session's near 6% loss. The decline came despite an OPEC+ decision to maintain output cuts.
Demand worries are overpowering supply restraint, pointing to lower energy prices that influence biofuel and feed-input costs.
reuters.comArathy SomasekharOct 5, 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.
A further ~2% decline on Oct 5 extended the prior session's slide on demand worries, within the window.
