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Oil prices fell and then recovered during October 26 to 30, ending the week modestly higher. WTI rose 0.82% to $104.12 and Brent gained 0.79% to $117.64.
Falling US inventories and a tanker attack in the Gulf kept supply security in focus.
Backwardation and tight near-term supply keep physical crude and diesel costs elevated for feed producers. Weak end demand limits further gains, so the outlook for input costs is mixed.
goodman-macro.comGoodmanNov 2, 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.
