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US crude futures settled at $90.52 a barrel, up $2.40 from the prior session after a drop of more than 8% on Wednesday. The rebound followed reports of at least five vessel incidents in the Gulf and renewed diplomatic contacts involving Iran.
Technical support was defended near $86.65 to $86.93.
Price moves are driven by shifting expectations for the Iran war and Gulf shipping risk, which feed into diesel, fertilizer and freight costs for feed producers. The story describes a routine price rebound without a new supply change.
investinglive.comNov 5, 2026Not 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.
