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Brent crude rose 2.5% to $118 a barrel and WTI gained 2.3% to $104 as traders reacted to reports that Trump is weighing fresh attacks after the midterms. Brent is up 12% in October to a six-month high.
Higher crude lifts diesel and freight costs and tends to support biofuel-linked vegetable oils and feed input prices, while tight refined product inventories keep upward pressure on energy costs for feed mills.
economictimes.indiatimes.comOct 30, 2026After 654 past bullish geopolitics events, BRENT moved a median +2.0% over 5 sessions (63% higher; middle half -2.6% to +6.6%), and +0.7% over 20.
After 624 past bullish geopolitics events, WTI moved a median +2.1% over 5 sessions (62% higher; middle half -2.2% to +8.5%), and +1.6% over 20.
After 247 past bullish geopolitics events, DIESEL moved a median +1.7% over 5 sessions (59% higher; middle half -3.6% to +9.2%), and +0.9% 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.
