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WTI crude fell to about $86 and Brent to nearly $94 in early Asian trading on Thursday as fears of Middle East supply disruption eased. OPEC producers pumped about 2 million barrels per day more in October than in September, led by Saudi Arabia, and an API estimate showed a 9 million barrel rise in US crude stocks.
Higher OPEC output and rising US inventories point to looser crude supply, lowering energy input costs and weighing on biofuel and ethanol-linked feed ingredient prices.
fxempire.comMuhammad UmairNov 12, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
