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Saudi Arabia reported to OPEC that it pumped 10.563 million barrels a day in October, up about 2.19 million from September, while independent secondary sources estimated a rise of about 1.18 million. OPEC+ output reached 41.23 million bpd, 97% of February's pre-war level, and Brent settled at $92.76.
Recovering Gulf supply weighs on crude prices and reduces the energy-cost premium behind feed and fertilizer inputs. The gap between official and third-party figures adds uncertainty about how fast supply is normalising.
waya.mediaMalak MokhlesNov 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.
