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December WTI crude closed up 2.72% and December RBOB gasoline rose 1.28% after recovering from overnight losses. Ukraine drone attacks on Russia's Ryazan refinery and other Russian oil facilities, along with a 23-year low in US distillate inventories, supported prices.
Aramco's smaller-than-expected cut to its December Asian crude prices also helped.
Tight US distillate stocks and refinery disruptions in Russia point to firmer diesel supply, which matters for feed-ingredient freight and processing costs. Ongoing uncertainty over Middle East supply keeps energy-driven price risk elevated.
barchart.comRich AsplundNov 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.
