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Brent crude closed at $95.87 a barrel and WTI at $88.59 on Friday, with both benchmarks posting slight gains. Iran moved to block International Atomic Energy Agency access to its enriched uranium stockpile and ruled out engagement with inspectors, while U.S.-mediated Ukraine-Russia talks continued without a breakthrough.
Crude has fallen roughly 20% from its late-October peak of $118 on de-escalation hopes, and any settlement or renewed escalation in the Gulf would move energy input costs for feed producers and the soy oil and biofuel complex.
okenergytoday.comJerry BohnenNov 14, 2026After 65 past neutral geopolitics events, Crude Oil (Brent) moved a median -0.6% over 5 sessions (43% higher; middle half -4.1% to +2.2%), and -2.7% 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.
