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January Brent futures on ICE fell below $101 a barrel, trading at about $100.80 at one point, the first time since October 8. December WTI also fell about 2% to around $94.59.
Lower crude prices ease energy and fertilizer cost pressure on feed production, though the level remains high. The move is a routine price move with no new supply shock reported.
Not 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.