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The EIA’s November outlook raised its 2027 diesel price forecast to $5.03 per gallon. It cited falling global oil inventories, tanker attacks, constrained shipping capacity, and higher transport costs, while projecting Brent near $100 per barrel for the rest of 2026 and averaging $77 in the fourth quarter of 2027.
A higher diesel outlook points to continued pressure on agricultural transport and production costs, which could support delivered feed prices. The forecast also reflects tight crude supply in the near term, although the EIA expects prices to ease as inventories rebuild in 2027.
gain.consultingKelsea AnsfieldNov 10, 2026After 109 past bullish report events, ULSD / Diesel moved a median +0.2% over 5 sessions (51% higher; middle half -3.3% to +3.9%), and +0.3% over 20.
After 116 past bullish report events, Crude Oil (Brent) moved a median +1.3% over 5 sessions (66% higher; middle half -1.0% to +3.1%), and +2.0% over 20.
After 131 past bullish report events, Crude Oil (WTI) moved a median +1.2% over 5 sessions (60% higher; middle half -1.3% to +3.4%), and +2.9% 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.
