# Oil Price Today (October 30): Crude oil jumps to $118 as Trump weighs fresh attacks after midterm. What are experts saying? - The Economic Times

> 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.

- Date: 2026-10-30 · published 2026-10-30T10:05:40.085Z
- Category: geopolitics · region Global · magnitude high
- Page: https://feedsoft.ai/events/2154-oil-price-today-october-30-crude-oil-jumps-to-118-as-trump-weighs-fresh-attacks
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

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.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲
- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-04-29 | [Crude oil price jumps to $115, highest level since June 2022 amid stalled Iran war talks. Brace for $150? - The Economic Times](https://feedsoft.ai/events/19905-crude-oil-price-jumps-to-115-highest-level-since-june-2022-amid-stalled-iran.md) | -1.9% | -16.4% |
| BRENT | 2024-10-07 | [Crude oil price today: Oil jumps as market waits for Israel attack on Iran](https://feedsoft.ai/events/10028-crude-oil-price-today-oil-jumps-as-market-waits-for-israel-attack-on-iran.md) | +1.2% | -6.8% |
| BRENT | 2026-04-02 | [Oil price jumps and markets slide after Trump warning to Iran \| Oil \| The Guardian](https://feedsoft.ai/events/12923-oil-price-jumps-and-markets-slide-after-trump-warning-to-iran-oil-the-guardian.md) | -2.8% | +8.2% |
| BRENT | 2024-04-16 | [Oil prices hold firm as U.S. weighs added sanctions on Iran oil exports after attack on Israel](https://feedsoft.ai/events/30933-oil-prices-hold-firm-as-u-s-weighs-added-sanctions-on-iran-oil-exports-after.md) | -3.7% | -8.0% |
| BRENT | 2026-04-02 | [US crude jumps more than 11%, Brent nearly 8% after Trump vows more attacks on Iran \| Reuters](https://feedsoft.ai/events/12724-us-crude-jumps-more-than-11-brent-nearly-8-after-trump-vows-more-attacks-on.md) | -2.8% | +8.2% |
| WTI | 2026-04-29 | [Crude oil price jumps to $115, highest level since June 2022 amid stalled Iran war talks. Brace for $150? - The Economic Times](https://feedsoft.ai/events/19905-crude-oil-price-jumps-to-115-highest-level-since-june-2022-amid-stalled-iran.md) | +2.2% | -10.9% |
| WTI | 2024-10-07 | [Crude oil price today: Oil jumps as market waits for Israel attack on Iran](https://feedsoft.ai/events/10028-crude-oil-price-today-oil-jumps-as-market-waits-for-israel-attack-on-iran.md) | +1.6% | -6.7% |
| WTI | 2026-04-02 | [Oil price jumps and markets slide after Trump warning to Iran \| Oil \| The Guardian](https://feedsoft.ai/events/12923-oil-price-jumps-and-markets-slide-after-trump-warning-to-iran-oil-the-guardian.md) | -2.2% | +6.1% |

## Sources

- economictimes.indiatimes.com: https://economictimes.indiatimes.com/markets/commodities/news/oil-price-today-october-30-crude-oil-jumps-to-118-as-trump-weighs-fresh-attacks-after-midterm-what-are-experts-saying/articleshow/135339349.cms

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.