Loading…
Brent January futures settled at $113.43 on Friday October 30, up $2.63, with WTI at $104.12. Reuters sources said OPEC+ agreed in principle to hold December targets, and the article notes no official statement had been published.
Analysts flagged $107 and $120 as reference levels ahead of US midterms on November 3.
An expected OPEC+ hold is largely priced in, so Monday's direction depends on Hormuz shipping and US policy. Crude moves feed through to diesel, freight and fertilizer costs for feed producers.
financefeeds.comNov 1, 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.
