Loading…
WTI crude has fallen about 17 percent from its October peak despite looming U.S. sanctions on Iranian energy. The 180-day wind-down period for dealings with Iran's energy sector ends Nov.
4. Oil had reached its highest level since 2014 in early October.
Expected tighter Iranian supply has been offset by rising output elsewhere, so crude prices are falling, lowering energy-linked input costs for feed producers.
marketwatch.comMyra P. SaefongNov 3, 2018After 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.
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.
