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Metals and crude are positioned ahead of US payrolls, tech earnings and the November 3 midterm elections. Crude oil extended gains toward six-month highs on Gulf and Iran escalation risk, while the dollar index stayed below 102 after an AI-spending-driven tech selloff.
Elevated crude raises diesel and freight costs and energy-linked input prices for feed producers, while a firmer Fed path supports the dollar and weighs on dollar-priced commodities.
moneycontrol.comKaynat ChainwalaNov 1, 2026After 626 past bullish geopolitics events, Crude Oil (WTI) moved a median +2.1% over 5 sessions (62% higher; middle half -2.3% to +8.5%), and +1.6% over 20.
After 656 past bullish geopolitics events, Crude Oil (Brent) moved a median +1.9% over 5 sessions (63% higher; middle half -2.7% to +6.6%), and +0.7% over 20.
After 10 past neutral geopolitics events, US Dollar (Broad) moved a median +0.1% over 5 sessions (60% higher; middle half -0.4% to +1.0%), and +0.5% over 20.
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.
