
Oil prices edged up on Friday but were set for a second weekly decline, with Brent near $96.35 and WTI near $88.94. Easing fears of renewed fighting in the Middle East weighed on prices, while attacks on tankers and Saudi infrastructure kept supply risk alive.
Brent and WTI had plunged 16% and 13% the previous week.
Routine price moves in crude keep diesel and energy costs for feed mills and grain logistics under pressure, but with no new supply loss the impact on feed commodities is limited.
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.