Oman's import prices rose 11.7% as fuel costs surged. The headline gives no further detail on the components driving the increase.
Higher fuel costs raise freight and processing expenses for imported feed ingredients, which can push up landed costs in the Gulf region.
After 323 past bullish macro events, Crude Oil (Brent) moved a median +0.7% over 5 sessions (58% higher; middle half -2.9% to +3.7%), and +1.3% over 20.
After 105 past bullish macro events, ULSD / Diesel moved a median -0.4% over 5 sessions (45% higher; middle half -3.4% to +1.8%), and +1.2% 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.