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Brent January crude settled at $113.43 on Friday, up $2.63, while WTI settled at $104.12. Brent finished October up 13.6% and WTI up 15.2%.
The article compares the settle with EIA's October outlook, which projected Q4 Brent at $105.
Futures are pricing a much tighter Hormuz-driven market than the EIA expects to persist, so energy costs for feed production, transport and fertiliser inputs stay elevated in the near term.
oilauthority.comNov 1, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
