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Front-month ICE Brent crude for January delivery settled up $3.67 per barrel, or 3.88%, at $98.29 on November 5, 2026. The gain was the largest one-day move since October 22 and snapped a three-session losing streak.
Brent remains well above its 2026 low and is still about 17% below its 2026 high, so the settlement signals volatile crude pricing that feeds into diesel and energy costs for feed producers. The rebound after a steep slide suggests the market is still reacting sharply to Iran-related supply headlines.
morningstar.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.
