# Oil posts its biggest weekly drop since COVID: what it means for feed

Brent fell almost 10% on Nov 5 and about 20% over the week as markets removed the Iran war risk premium after the US midterms. Lower crude could ease energy costs for feed producers and importers.

Published 2026-11-05 by the Feedsoft Markets Desk. Covers: BRENT, WTI.

Video (34s): https://feedsoft.ai/media/social/38/instagram-0fb1ed5a64.mp4

## Transcript

- **Oil's biggest weekly drop since COVID** Brent fell almost 10% on November 5. That leaves it down about 20% for the week.
- **What set it off** The drop followed the Republican midterm defeat. Vice President JD Vance linked the Iran war to the losses.
- **The war risk premium is coming out** Markets are removing the Iran war risk premium from crude oil prices.
- **Why feed buyers should care** Lower crude means lower energy costs for feed producers and importers. Watch whether the pressure on energy-linked input costs holds.

Full analysis: https://feedsoft.ai/events/81909-midterms-fallout-sees-oil-prices-face-biggest-weekly-drop-since-covid

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