Loading…
The US Energy Information Administration raised its 2026 Brent spot price forecast to $97.44 per barrel and its 2027 forecast to $85.78 in its November short-term energy outlook. The agency sees Brent averaging $109.13 in the fourth quarter of 2026.
A higher official price path signals that energy costs will stay elevated, raising input costs for grain drying, transport and fertilizer that feed into feed prices.
rigzone.comAndreas ExarheasNov 12, 2026After 116 past bullish report events, Crude Oil (Brent) moved a median +1.3% over 5 sessions (66% higher; middle half -1.0% to +3.1%), and +2.0% over 20.
After 131 past bullish report events, Crude Oil (WTI) moved a median +1.2% over 5 sessions (60% higher; middle half -1.3% to +3.4%), and +2.9% over 20.
After 109 past bullish report events, ULSD / Diesel moved a median +0.2% over 5 sessions (51% higher; middle half -3.3% to +3.9%), and +0.3% 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.
