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Brent crude fell about 2% in Asian trading to roughly $111 a barrel after US President Trump signaled a preference for diplomacy with Tehran before the midterm elections. Asian equity markets traded mixed and Indian index futures pointed higher.
Lower crude reduces the energy-cost and biofuel-linked support for vegetable oils and feed-related costs, though the Iran risk premium remains in place.
business-standard.comSI ReporterNov 2, 2026Not 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.
