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WTI and Brent fell in early November trading despite a 1.9 million barrel draw in US commercial crude inventories to 410.6 million barrels in the week ending October 23. Gasoline stocks rose to 209.2 million barrels while distillate stocks fell to 102.8 million.
Estimated US crude production rose to 13.992 million barrels a day, and OPEC+ kept its production policy unchanged.
The crude draw and falling distillate stocks offer some support for diesel and crude, but the gasoline build and higher US output limit the bullish case. Unchanged OPEC+ policy leaves the market reliant on geopolitical headlines for direction, which matters for feed-cost inputs such as diesel and freight.
fxempire.comChristopher LewisNov 2, 2026Not enough comparable past events yet for a historical read.
Not 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.
