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Crude oil futures fell on Thursday morning, with December Brent at $114.19 (down 0.98%) and December WTI at $101.32 (down 1.42%). The decline followed reports that the US wants to revive peace talks with Iran.
MCX crude futures in India also traded lower.
Peace-talk hopes ease the Middle East risk premium on crude, which lowers energy and diesel costs for feed production and transport, and can weigh on biofuel-linked feedstock values.
thehindubusinessline.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.
