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The US EIA raised its estimate of Middle East supply disruption, saying it was far worse than earlier projections. It expects Brent to average about $106 per barrel in May and June, easing to about $89 in the fourth quarter as Gulf production recovers.
A government forecast of prolonged supply loss supports higher energy input costs for animal feed producers and strengthens the case for elevated biofuel-linked demand for vegetable oils.
reuters.comShariq Khan, Scott DisavinoMay 12, 2026After 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 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.
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.
