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Oil held gains after President Trump said the US could forgo a deal with Iran, leaving the Middle East war unresolved. Brent traded below $96 and WTI near $89, while gold hovered near a one-year low on Fed rate hike bets and the dollar gained against Group-of-10 peers.
Higher crude raises diesel and freight costs for feed production and transport, and it can lift biofuel-linked demand for vegetable oils and corn. A firmer dollar adds pressure on US commodity exports.
tradingview.comNov 13, 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 487 past bullish macro events, Crude Oil (WTI) moved a median +1.0% over 5 sessions (60% higher; middle half -2.0% to +4.0%), and +1.5% over 20.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.
