# Oil Price Forecast — WTI ($89) Brent ($97) Rebound After 19.6% Three-Day Crash — $105 Upside as Diesel Stocks Hit 2003 Low

> 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.

- Date: 2026-11-05 · published 2026-11-05T18:07:31.219Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/82077-oil-price-forecast-wti-89-brent-97-rebound-after-19-6-three-day-crash-105
- 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

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.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲
- DIESEL: bullish ▲

## Sources

- tradingnews.com: https://www.tradingnews.com/news/brent-bounces-to-97-usd-and-wti-to-89-usd-as-physical-tightness-fights-the-peace-trade

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