Loading…
Barclays kept its $100 Brent forecast for 2026 and said price risks are skewed higher due to the Strait of Hormuz closure. Goldman Sachs reported global oil inventories drawing at a record 8.7 million barrels per day since early May.
Record inventory draws point to a tightening physical market that supports crude and energy-linked input costs. This raises the cost floor for fertilizer, freight and biofuel feedstocks used across feed supply chains.
au.investing.comOilPrice.comMay 22, 2026After 323 past bullish macro events, Crude Oil (Brent) moved a median +0.7% over 5 sessions (58% higher; middle half -2.9% to +3.7%), and +1.3% over 20.
After 487 past bullish macro events, Crude Oil (WTI) moved a median +1.0% over 5 sessions (60% higher; middle half -2.0% to +4.0%), and +1.5% over 20.
After 105 past bullish macro events, ULSD / Diesel moved a median -0.4% over 5 sessions (45% higher; middle half -3.4% to +1.8%), and +1.2% 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.
