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Brent futures fell 13.3% last week to $98.30 a barrel, after touching a two-month low of $93.22, while Indian crude futures dropped 14.9%. The analysis expects any recovery to be limited below $105, with further downside possible toward $90 and $86.
Lower crude prices can reduce energy and freight costs for feed supply chains, easing cost pressure on delivered feed and fertilizer. The article’s bearish outlook points to continued downside risk for oil prices.
thehindubusinessline.comAkhil NallamuthuNov 7, 2026Not 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.
