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Brent crude slid 4% to settle below $110 a barrel, nearly erasing all of Monday's gains. Open interest in the global benchmark fell to its lowest level since August as capital moved to the sidelines amid heightened uncertainty and volatility.
Routine price moves with falling open interest signal thinner positioning and higher volatility in crude. This has limited direct effect on feed grain supply or demand.
bloomberg.comMia GindisMay 4, 2026Not 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.
