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Front-month Brent rose 1.3% to $95.85 and WTI gained 0.3% to $87.36 in European trading after the previous day's plunge of more than 8%. The Brent prompt spread narrowed below $2.50 from over $5 in mid-October, signalling that immediate supply concerns have eased.
A narrowing Brent spread points to easing near-term physical tightness, which tends to cap energy-linked input costs for feed. Diplomatic prospects keep the outlook two-sided, and a resumption of hostilities could quickly reverse the decline.
hk.marketscreener.comDow JonesNov 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.
