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US crude traded near $86.82 and Brent near $93.62 on Thursday, after a sharp weekly decline of about 15% to 18%. Expectations of an end to the Iran war and recovering supplies drove the selloff.
Zee Business editor Anil Singhvi said prices could fall to the $70 to $80 range once the war ends.
A weekly drop this large reflects the removal of the war premium, and a fall to $70 to $80 would materially lower energy costs for feed producers. The path still depends on whether the conflict ends.
zeebiz.comAnubhav MauryaNov 5, 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.
