Loading…
Saudi Arabia reported that crude production climbed 26% in October to 10.56 million barrels per day, near its pre-war level. Iraq also raised output, while the increase in Gulf supply coincided with signs of a surplus and weaker oil price differentials.
More crude reaching the market, while consumption remains constrained, adds to downside pressure on oil prices and may lower energy-related feed production and transport costs.
moneycontrol.comBloombergNov 11, 2026After 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.
After 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 86 past bearish report events, ULSD / Diesel moved a median -0.9% over 5 sessions (37% higher; middle half -4.3% to +0.9%), and +0.4% 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.
