
Brent crude settled at $95.41 per barrel on Friday, down 2.4% on the week, and WTI December futures closed at $88.52, down about 2.5%. OPEC+ output rose 1.96 million bpd in October and an unexpected 4.66-million-barrel build in US commercial crude inventories weighed on prices.
Rising OPEC+ supply and US stock builds lower the energy cost base and diesel and ethanol prices, easing pressure on feed transport and processing costs, while bearish crude can weigh on biofuel-linked vegetable oil demand.
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.