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The Philippines scheduled price cuts effective November 10 of PHP16.80 per liter for gasoline, PHP4.10 for diesel, and PHP3.70 for kerosene. The Department of Energy attributed the decline in international oil prices to hopes for a diplomatic resolution to the US–Iran conflict and reduced fears of supply disruption.
Lower oil prices reduce fuel and transport costs for feed supply chains, easing cost pressure on buyers. The rollback signals a bearish move in diesel and crude-linked energy prices.
pna.gov.phJoann Santiago-VillanuevaNov 9, 2026After 51 past bearish geopolitics events, ULSD / Diesel moved a median -2.4% over 5 sessions (37% higher; middle half -8.2% to +3.9%), and -2.3% over 20.
After 255 past bearish geopolitics events, Crude Oil (WTI) moved a median -2.4% over 5 sessions (31% higher; middle half -7.0% to +1.7%), and -5.0% over 20.
After 250 past bearish geopolitics events, Crude Oil (Brent) moved a median -3.1% over 5 sessions (36% higher; middle half -7.9% to +1.6%), and -5.5% 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.
