Loading…
Saudi Arabia reported October crude output of 10.56 million barrels per day, up 26% from September and near pre-war levels. Iraq also reported a wartime high of almost 4.9 million barrels per day, as Gulf producers restored supply despite ongoing conflict.
Higher oil supply alongside constrained consumption is weighing on physical-market differentials and crude prices. Lower energy costs can ease fuel and freight expenses for feed buyers.
rigzone.comGrant SmithNov 11, 2026After 129 past bearish report events, Crude Oil (Brent) moved a median -1.3% over 5 sessions (45% higher; middle half -3.9% to +2.5%), and +0.4% over 20.
After 171 past bearish report events, Crude Oil (WTI) moved a median -1.5% over 5 sessions (37% higher; middle half -4.8% to +1.9%), 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.
