# Crude's 8.7% Drop Widens Refining Margins as Diesel Stocks Hit 2003 Lows

> Brent fell 8.7% in one session to about $95 a barrel after the Democratic sweep of Congress, and WTI dropped 8.3%. US distillate stocks fell to about 99.2 million barrels, their lowest since 2003 and 13% below the five-year average.

- Date: 2026-11-05 · published 2026-11-05T15:08:03.483Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/81915-crude-s-8-7-drop-widens-refining-margins-as-diesel-stocks-hit-2003-lows
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

The crude sell-off is bearish for energy prices, while very low distillate inventories keep diesel margins elevated. That pairing raises fuel and freight costs for feed producers even as crude falls.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼
- DIESEL: bullish ▲

## Sources

- cruxinvestor.com: https://www.cruxinvestor.com/posts/crudes-8-7-drop-widens-refining-margins-as-diesel-stocks-hit-2003-lows

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.