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OPEC reported that the OPEC Reference Basket rose $1.53 to average $112.12 a barrel in October 2026. ICE Brent averaged $108.34, up $6.32, and NYMEX WTI averaged $96.94, up $1.25.
The report also revised 2026 global economic growth slightly up to 3.1%.
Higher average crude prices in October raise energy and transport costs for feed manufacturers. Upward revisions to economic growth support demand for energy.
iranoilgas.comIranOilGasNov 14, 2026After 117 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.
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.
