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Brent crude fell more than 5% at one point on February 2, while US crude futures also declined sharply. The moves came as geopolitical risk premiums faded and a broader commodities selloff deepened the slide.
Lower crude prices reduce energy and transport costs for feed producers and can weigh on biofuel-linked demand for vegetable oils. The move is mainly a routine price update with no new supply shock.
bloomberg.comFeb 2, 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.
Brent fell more than 5% intraday as risk premiums faded and a broad commodities selloff deepened the slide.
