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WTI futures dropped to a 14-session low of $93.59 before recovering most of the decline after a U.S. strike near the Strait of Hormuz. Global inventories have fallen nearly 1 billion barrels since February, and analysts expect an EIA report to show a 2 million barrel build.
Falling global inventories support prices, while an expected EIA build could cap gains and signal easing physical tightness for energy costs.
marketscreener.comPublicnowNov 3, 2026Not 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.
