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Brent crude fell 82 cents to $114.50 a barrel and WTI fell $1.04 to $101.74 on peace hopes that offset Middle East conflict fears. Both benchmarks had risen on Wednesday.
Crude moves feed through to diesel, freight and biofuel economics, so the easing of Middle East tensions trims near-term cost and vegetable oil support.
cnbc.comOct 29, 2026After 250 past bearish geopolitics events, Crude Oil (Brent) moved a median -3.1% over 5 sessions (36% higher; middle half -7.9% to +1.6%), and -5.5% over 20.
After 255 past bearish geopolitics events, Crude Oil (WTI) moved a median -2.4% over 5 sessions (31% higher; middle half -7.0% to +1.7%), and -5.0% 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.
