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Brent futures rose about 0.4% to near $95 a barrel on Thursday while WTI slipped to about $87.85, after both benchmarks fell more than 8% in the previous session. Traders are weighing the risk of renewed US-Israeli escalation with Iran following the Republican losses in the midterm elections.
Eurasia Group cut its odds of a deal to 10% and raised its odds of a continued standoff to 30%.
The war-risk premium is shifting, but supply risk remains high with strategic reserves thin, so crude is likely to stay volatile and sensitive to any renewed strikes. Higher energy costs feed into diesel, fertiliser and freight costs for feed ingredients.
live.euronext.comNov 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.
