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Oil prices settled up more than $4 on Thursday, with December Brent at $102.31 and WTI at $92.87. The move followed reports of a third US carrier and extra troops heading to the Middle East, and China's suspension of oil product exports beyond Hong Kong and Macau.
Supply fears from China's export halt and Middle East tensions support higher crude and diesel prices, raising freight and processing costs for feed producers.
marketscreener.comReutersOct 1, 2026After 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 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 250 past bullish geopolitics events, ULSD / Diesel moved a median +1.7% over 5 sessions (58% higher; middle half -3.6% to +8.7%), and +0.9% 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.
Describes the same Thursday jump driven by US military buildup and China halting fuel exports, both supply-side and risk-premium factors.
