Loading…
Brent settled up $1.96 to $77.32 and WTI rose to $65.95 after Venezuela's crude loadings fell nearly a month behind schedule. Tankers holding more than 24 million barrels are waiting at the main port, and traders are watching whether OPEC will raise output at its upcoming meeting.
Lower Venezuelan exports and possible OPEC restraint tighten crude supply, which lifts diesel and energy input costs for feed producers and processors. The rally also raises the cost of freight and fuel-linked inputs.
theedgemalaysia.comNov 13, 2026After 656 past bullish geopolitics events, Crude Oil (Brent) moved a median +1.9% over 5 sessions (63% higher; middle half -2.7% to +6.6%), and +0.7% 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.
