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Brent futures rose $1.53 to $96.15 a barrel on November 5 after falling more than 8% in the prior session, while WTI gained to $88.64. Traders weighed the course of the US-Israeli war with Iran, and the IRGC reported fires in the Strait of Hormuz.
Prices remain elevated on supply risk, and a rebound after a sharp selloff keeps energy costs volatile for feed makers. Eurasia Group's escalation scenario of $110 to $125 Brent would raise costs for importers.
piqmarkets.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.
