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Crude oil prices stayed near two-month lows on Thursday morning in Asia as the US and Iran avoided further strike escalation but remained deadlocked in negotiations. OPEC's monthly report showed output of 41.23 million barrels per day in October, up about 2.04 million from September, led by Saudi Arabia.
Rising OPEC output and lower crude prices reduce energy costs for feed processors and weaken the price support for biofuel feedstocks.
capitalmarket.comNov 12, 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.
