# Crude benchmarks firmer amidst ongoing tensions in the Middle East ; EUR digests poor PMI metrics - Newsquawk US Market Open

> Crude benchmarks firmed on ongoing Middle East tensions while the euro weakened after poor PMI readings.

- Date: 2026-10-23 · published 2026-10-23T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/781-crude-benchmarks-firmer-amidst-ongoing-tensions-in-the-middle-east-eur-digests
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Higher crude raises biofuel economics and freight and fertilizer costs, supporting feed input prices.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2023-08-31 | [US Market Open: ECB pricing shifts dovishly post-HICP/Schnabel; Focus turns to PCE & IJC \| Newsquawk](https://feedsoft.ai/events/34811-us-market-open-ecb-pricing-shifts-dovishly-post-hicp-schnabel-focus-turns-to.md) | +6.4% | +12.3% |
| WTI | 2026-06-29 | [Dollar poised for best month in nearly a year; eyes on jobs data, Gulf tension \| MarketScreener](https://feedsoft.ai/events/19011-dollar-poised-for-best-month-in-nearly-a-year-eyes-on-jobs-data-gulf-tension.md) | -0.8% | +30.0% |
| WTI | 2019-09-17 | [FX: Mideast tensions make USD the go-to safe haven \| articles \| ING THINK](https://feedsoft.ai/events/57305-fx-mideast-tensions-make-usd-the-go-to-safe-haven-articles-ing-think.md) | -6.9% | -15.0% |
| WTI | 2020-08-26 | [C$ eases against broadly firmer US dollar - Markets - Business Recorder](https://feedsoft.ai/events/51857-c-eases-against-broadly-firmer-us-dollar-markets-business-recorder.md) | -1.1% | -7.6% |
| WTI | 2023-04-03 | [Palm posts biggest jump in two months after crude oil rally - Markets - Business Recorder](https://feedsoft.ai/events/36512-palm-posts-biggest-jump-in-two-months-after-crude-oil-rally-markets-business.md) | +5.4% | -0.0% |
| BRENT | 2026-05-19 | [Euro Near One-Month Low Amid Middle East Risks](https://feedsoft.ai/events/19475-euro-near-one-month-low-amid-middle-east-risks.md) | -11.6% | -30.3% |
| BRENT | 2018-07-03 | [Rupee tanks to new 5-year low against US dollar: 5 key reasons - Market News \| The Financial Express](https://feedsoft.ai/events/64317-rupee-tanks-to-new-5-year-low-against-us-dollar-5-key-reasons-market-news-the.md) | +0.7% | -2.6% |
| BRENT | 2023-04-03 | [Palm posts biggest jump in two months after crude oil rally - Markets - Business Recorder](https://feedsoft.ai/events/36512-palm-posts-biggest-jump-in-two-months-after-crude-oil-rally-markets-business.md) | +7.4% | +1.0% |

## Sources

- zerohedge.com: http://www.zerohedge.com/markets/crude-benchmarks-firmer-amidst-ongoing-tensions-middle-east-eur-digests-poor-pmi-metrics

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.