Oil Futures Settle Mixed as Diesel’s Rise Helps Lift WTI
A facts-only brief, written by a local AI model from this article in The Wall Street Journal, October 13, 2026. It may contain mistakes, and it is not the article: the full story is at wsj.com.
Crude oil futures closed the session with mixed results, as Brent crude dropped 0.9% to $105.69 per barrel while WTI rose 0.4% to $94.14. The market rebounded from earlier losses amid ongoing concerns over Middle East supply disruptions and skepticism regarding the impact of resumed Russian diesel exports. Ritterbusch & Associates attributed the support for the U.S. benchmark to a 4.5% jump in Nymex diesel futures, stating that this price recovery strengthened their bullish outlook.
Background
- ING analysts questioned the durability of the Russia-Ukraine energy truce, pointing to recent Russian attacks on Ukrainian energy infrastructure, while observing that diesel prices regained strength after initial declines.
- OPEC+ ministers indicated that elevated logistics and insurance expenses now account for more than 30% of the value of transported goods, creating significant hurdles for moving petroleum products.
- Citi Research estimates a 60% chance that Brent crude will decline to $65 per barrel by mid-2027 if shipping routes through the Strait of Hormuz normalize without lasting infrastructure damage.
- ANZ Research noted that Saudi Arabia reported new drone and missile threats, while increased tanker attacks in the Strait of Hormuz continue to restrict oil flows from the region.
Read the full article at wsj.com
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