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WTI crude futures fell to near a two-and-a-half-month low under $84 a barrel as signs of easing US-Iran tensions emerged. Iran is demanding sanctions and naval blockade relief before agreeing to talks, and EIA data showed a 4.7 million barrel rise in US crude inventories to 414.4 million barrels, 4% below the five-year average.
Lower crude prices reduce diesel and fertilizer costs over time but also weaken the energy-linked support for ethanol and biofuel feedstocks, pressuring vegetable oil and corn-based prices.
capitalmarket.comNov 14, 2026After 588 past bearish macro events, Crude Oil (WTI) moved a median -2.0% over 5 sessions (39% higher; middle half -5.7% to +2.7%), 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.
