Loading…
Brent fell $1.47 to $91.29 a barrel and WTI slipped $1.24 to $85.29 early on Thursday. The decline followed easing concerns about escalation of the Middle East conflict and reversed the previous day's small gains.
Rising OPEC+ output and growing US inventories also fed oversupply worries.
Lower crude weakens the energy-cost floor under biofuel feedstocks and diesel, which can pressure soybean oil, corn ethanol and freight costs. Feed buyers should expect some easing in input and transport costs if the risk premium keeps unwinding.
energy.economictimes.indiatimes.comNov 12, 2026After 250 past bearish geopolitics events, Crude Oil (Brent) moved a median -3.1% over 5 sessions (36% higher; middle half -7.9% to +1.6%), and -5.5% over 20.
After 255 past bearish geopolitics events, Crude Oil (WTI) moved a median -2.4% over 5 sessions (31% higher; middle half -7.0% to +1.7%), and -5.0% 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.
