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U.S. sweet crude for December delivery closed 2.5 percent lower at $63.69 a barrel on the New York Mercantile Exchange, its lowest close since April 9. Oil prices dropped to their lowest level in nearly seven months.
A seven-month low in crude reflects a weak energy complex that lowers costs for ethanol and biofuel-linked feed co-products, with limited direct grain impact.
wsj.comDan MolinskiNov 1, 2018Not 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.
