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Opec-plus crude output rose by 2.59 million b/d in October to 38.1 million b/d, according to Energy Intelligence's preliminary assessment. That is the highest level in eight months and still 1.4 million b/d below the average of the three months before the war.
A rebound in OPEC+ supply eases the tightness that has lifted crude prices and, through diesel and energy costs, feed and freight costs. The result is bearish pressure on crude and a smaller energy-driven premium in feed-ingredient prices.
energyintel.comAuthor Gary Peach, New York Editor Luke JohnsonNov 12, 2026After 312 past bearish macro events, Crude Oil (Brent) moved a median -1.7% over 5 sessions (38% higher; middle half -5.4% to +2.3%), and -1.7% over 20.
After 565 past bearish macro events, Crude Oil (WTI) moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% 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.
