# Global oil market highlights in October 2026 as reported by OPEC (Report)

> 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%.

- Date: 2026-11-14 · published 2026-11-14T06:08:50.673Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/99027-global-oil-market-highlights-in-october-2026-as-reported-by-opec-report
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Higher average crude prices in October raise energy and transport costs for feed manufacturers. Upward revisions to economic growth support demand for energy.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2022-06-01 | [Oil Market Report - May 2022](https://feedsoft.ai/events/41560-oil-market-report-may-2022.md) | -0.4% | -3.3% |
| BRENT | 2022-03-14 | [Oil Market Report - March 2022 - IEA](https://feedsoft.ai/events/5992-oil-market-report-march-2022-iea.md) | -3.7% | -11.6% |
| BRENT | 2021-03-17 | [Oil Market Report - March 2021 - IEA](https://feedsoft.ai/events/6203-oil-market-report-march-2021-iea.md) | -11.4% | -2.7% |
| BRENT | 2024-01-23 | [Oil Market Report - December 2024 – Analysis - IEA](https://feedsoft.ai/events/32023-oil-market-report-december-2024-analysis-iea.md) | +2.9% | +4.5% |
| BRENT | 2023-03-01 | [Oil Market Report - February 2023](https://feedsoft.ai/events/37512-oil-market-report-february-2023.md) | -0.5% | -6.2% |
| WTI | 2022-03-14 | [Oil Market Report - March 2022 - IEA](https://feedsoft.ai/events/5992-oil-market-report-march-2022-iea.md) | -4.2% | -10.1% |
| WTI | 2021-03-17 | [Oil Market Report - March 2021 - IEA](https://feedsoft.ai/events/6203-oil-market-report-march-2021-iea.md) | -10.9% | -2.6% |
| WTI | 2024-01-23 | [Oil Market Report - December 2024 – Analysis - IEA](https://feedsoft.ai/events/32023-oil-market-report-december-2024-analysis-iea.md) | +2.5% | +4.4% |

## Sources

- iranoilgas.com: https://www.iranoilgas.com/news/details.aspx?id=29198&title=Global+oil+market+highlights+in+October+2026+as+reported+by+OPEC+%28Report%29

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.