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WTI traded near $86 a barrel and Brent near $92 on Thursday after a volatile week. Ukrainian drone attacks have disrupted refineries handling about 30% of Russia's processing capacity since late October.
Saudi crude output rose 26% in October.
Refinery disruption in Russia supports refined product prices, which raises diesel costs for feed transport. Recovering Gulf supply limits upside in crude and keeps the overall price picture balanced.
thevibes.comIan McIntyreNov 12, 2026After 60 past neutral geopolitics events, Crude Oil (WTI) moved a median -0.9% over 5 sessions (43% higher; middle half -4.7% to +2.3%), and -1.9% over 20.
After 63 past neutral geopolitics events, Crude Oil (Brent) moved a median -0.5% over 5 sessions (44% higher; middle half -4.4% to +2.6%), and -2.7% 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.
