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Brent settled at $95.84 and WTI at $88.56 on Friday, both down 2.5% on the week, as markets weighed a growing global surplus against US pressure on Iran. Asian spot LNG prices eased slightly but stayed near four-year highs, with December delivery to northeast Asia averaging $31.30 per MMBtu.
Persistent tightness in LNG and crude prices raises energy costs for feed mills and fertilizer producers, while the oil surplus signals some relief ahead.
al-sharq.comNov 15, 2026After 338 past bearish macro events, Crude Oil (Brent) moved a median -2.2% over 5 sessions (36% higher; middle half -5.2% to +1.9%), and -1.7% 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.
