# Crude oil gets cheaper – but diesel stays expensive in Europe

> 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.

- Date: 2026-11-11 · published 2026-11-11T09:12:30.361Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/93300-crude-oil-gets-cheaper-but-diesel-stays-expensive-in-europe
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

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.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼
- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2020-07-30 | [Oil Traders Await Cheaper Saudi Crude With Demand Ebbing](https://feedsoft.ai/events/52261-oil-traders-await-cheaper-saudi-crude-with-demand-ebbing.md) | +3.2% | +4.8% |
| BRENT | 2026-07-28 | [The Euro finally gets cheaper energy, and that is the problem](https://feedsoft.ai/events/18561-the-euro-finally-gets-cheaper-energy-and-that-is-the-problem.md) | -4.2% | +2.6% |
| BRENT | 2020-10-01 | [OIL FUTURES: Crude hits five-month lows as European lockdowns loom – The Energy Bulletin Daily](https://feedsoft.ai/events/50805-oil-futures-crude-hits-five-month-lows-as-european-lockdowns-loom-the-energy.md) | +1.7% | -5.3% |
| BRENT | 2026-02-02 | [Metals, crude oil dive in broad commodities market tumble \| Reuters](https://feedsoft.ai/events/8795-metals-crude-oil-dive-in-broad-commodities-market-tumble-reuters.md) | -3.1% | +0.6% |
| BRENT | 2023-08-21 | [Crude oil settles lower as hope fades for Chinese demand](https://feedsoft.ai/events/34761-crude-oil-settles-lower-as-hope-fades-for-chinese-demand.md) | -0.5% | +11.0% |
| WTI | 2020-07-30 | [Oil Traders Await Cheaper Saudi Crude With Demand Ebbing](https://feedsoft.ai/events/52261-oil-traders-await-cheaper-saudi-crude-with-demand-ebbing.md) | +2.6% | +5.1% |
| WTI | 2026-10-29 | [Crude oil slump to impact CPO, biodiesel mandates](https://feedsoft.ai/events/163-crude-oil-slump-to-impact-cpo-biodiesel-mandates.md) | -2.3% | — |
| WTI | 2026-07-28 | [The Euro finally gets cheaper energy, and that is the problem](https://feedsoft.ai/events/18561-the-euro-finally-gets-cheaper-energy-and-that-is-the-problem.md) | -2.7% | +2.6% |

## Sources

- terraworldnews.com: https://terraworldnews.com/en/news/2026/11/11/energie-oelpreis-diesel-europa-benzin-usa-2026-11-11

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.