Loading…
Oil prices slipped Wednesday on cautious hopes that the Middle East conflict could be nearing resolution. Front-month Brent fell 2.2% to $102.22 a barrel, while the most-active June contract dropped 6.9% to $97.26.
WTI declined 2.2% to $90.32.
Crude weakness lowers energy and transport costs, which can ease pressure on feed-ingredient freight and fertilizer, though the price remains elevated and depends on any U.S.-Iran deal.
wsj.comWSJ StaffMar 25, 2026After 250 past bearish geopolitics events, Crude Oil (Brent) moved a median -3.1% over 5 sessions (36% higher; middle half -7.9% to +1.6%), and -5.5% over 20.
After 255 past bearish geopolitics events, Crude Oil (WTI) moved a median -2.4% over 5 sessions (31% higher; middle half -7.0% to +1.7%), and -5.0% 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.
