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Goldman Sachs forecasts Brent at $108 for Q4 2026 and $98 for January to March 2027, while front-month Brent traded near $91.79. Saudi Arabia reported October output of 10.6 million barrels per day, its highest since the Iran war began, and Hormuz traffic remains about 65% below pre-war levels.
A bank forecast well above spot prices signals expected tightness, though recovering Saudi output and Yanbu exports cap near-term upside. Energy costs remain a key input for feed and fertilizer.
exchangerates.org.ukDave TaylorNov 12, 2026After 323 past bullish macro events, Crude Oil (Brent) moved a median +0.7% over 5 sessions (58% higher; middle half -2.9% to +3.7%), and +1.3% over 20.
After 102 past neutral macro events, Crude Oil (WTI) moved a median -0.1% over 5 sessions (49% higher; middle half -3.3% to +2.5%), and +1.8% 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.
