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Brent crude futures rose 0.90% to $92.31 per barrel in Wednesday trading, while WTI futures gained 0.46% to $86.44. Both benchmarks had declined in the previous session.
Higher crude prices can increase fuel and freight costs for feed supply chains, though the report describes only a modest rebound after earlier losses. The near-term price signal is mildly bullish for crude oil.
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.