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Brent rebounded to about $97 and WTI to $89.73 on Thursday after a 19.6% three-day slide, the steepest since April 2020. US distillate inventories fell to 99.3 million barrels, the lowest since 2003, and Strait of Hormuz flows remained below February levels.
Very low diesel inventories keep freight and fuel costs elevated for feed buyers even as crude retreats. The gap between physical tightness and the peace-driven price fall leaves prices vulnerable to a rebound.
tradingnews.comItai SmidtNov 5, 2026Not enough comparable past events yet for a historical read.
Not 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.
