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Brent crude fell to $93.70 per barrel and WTI traded near $85.30, with prices down about 22% from Brent’s late-October peak as markets anticipated diplomatic progress with Iran. European diesel remained near $175 per barrel, while the U.S. average gasoline price fell below $4 per gallon; supplies of refined products and LNG were still described as constrained.
Lower crude prices can ease energy and transport costs, but persistently expensive European diesel limits relief for freight and farm input costs. The mixed energy-price signals leave the feed supply chain facing continued cost pressure from refined fuels.
terraworldnews.comTWN newsroomNov 11, 2026After 312 past bearish macro events, Crude Oil (Brent) moved a median -1.7% over 5 sessions (38% higher; middle half -5.4% to +2.3%), and -1.7% over 20.
After 565 past bearish macro events, Crude Oil (WTI) moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% over 20.
After 105 past bullish macro events, ULSD / Diesel moved a median -0.4% over 5 sessions (45% higher; middle half -3.4% to +1.8%), and +1.2% 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.
