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New York oil closed mixed on November 13, with WTI down 0.20% and Brent up 0.02%. The IEA forecast about 2 million bpd of oversupply in the fourth quarter, a reversal from its prior shortage forecast.
A revised oversupply outlook reduces the energy-price premium that had raised fuel and fertilizer costs, modestly easing input costs for feed producers.
| AFFECTS | 1d | 5d | 20d |
|---|---|---|---|
| Crude Oil (WTI)▼bearish | +0.1% | — | — |
| Crude Oil (Brent)◆neutral | +0.1% | — | — |
After 588 past bearish macro events, Crude Oil (WTI) moved a median -2.0% over 5 sessions (39% higher; middle half -5.7% to +2.7%), and -0.5% over 20.
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.