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Crude and diesel futures fell to their lowest levels since August, while gasoline futures reached their lowest levels since March. The report cited planned Ukraine-Russia peace talks and a lack of newly reported vessel incidents near Hormuz, while Saudi Arabia said an attack on its East-West pipeline had not disrupted operations.
Reduced perceived risk of conflict-related supply disruption can ease crude and refined-fuel risk premiums, putting downward pressure on oil and diesel prices. The market remains vulnerable to a reversal if shipping or infrastructure risks escalate again.
tacenergy.comNov 10, 2026After 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.
After 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.
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.
