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The World Bank projects energy prices to rise 24% in 2026 to their highest level since Russia's 2022 invasion of Ukraine, with overall commodity prices up 16%. Attacks on energy infrastructure and Strait of Hormuz disruptions have caused the largest oil supply shock on record, with an initial supply loss of about 10 million barrels per day.
Higher energy and fertilizer costs raise production costs for grains and oilseeds and feed inputs, and the World Bank forecast points to sustained upward pressure on commodity prices.
worldbank.orgMar 26, 2026After 131 past bullish report events, Crude Oil (WTI) moved a median +1.2% over 5 sessions (60% higher; middle half -1.3% to +3.4%), and +2.9% over 20.
After 116 past bullish report events, Crude Oil (Brent) moved a median +1.3% over 5 sessions (66% higher; middle half -1.0% to +3.1%), and +2.0% over 20.
After 76 past bullish report events, Urea moved a median 0.0% over 5 sessions (49% higher; middle half -2.2% to +2.9%), and -0.3% over 20.
After 74 past bullish report events, Natural Gas moved a median +1.3% over 5 sessions (55% higher; middle half -4.0% to +11.3%), and +2.1% 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.
