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WTI traded near $89.30 on Monday after the G7 agreed to release 100 million barrels of crude and diesel from emergency reserves. OPEC+ also kept November output targets unchanged, and Middle East exports remain constrained by the conflict.
The emergency stock release eases near-term crude and diesel tightness, which lowers energy and transport costs for feed buyers, though ongoing export disruptions limit the downside.
fxstreet.comAkhtar FaruquiOct 5, 2026After 215 past bearish policy events, Crude Oil (WTI) moved a median +0.1% over 5 sessions (51% higher; middle half -4.4% to +3.3%), and +0.2% over 20.
After 21 past bearish policy events, ULSD / Diesel moved a median -2.4% over 5 sessions (38% higher; middle half -6.5% to +4.7%), and -1.1% 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.
