Markets · Commodity markets, October 28
Oil prices rise as Iran threatens retaliation over U.S. plan to guide ships through Hormuz
Wednesday, October 28, 2026. From GEO's evening brief, after the close.
Oil prices rose on Wednesday, with WTI up 2.88% and Brent up 1.26%, after Iran threatened retaliation over President Trump's plan for the U.S. to guide ships through the Strait of Hormuz, The Washington Post reports. The EIA also reported that commercial crude stocks fell 1.9mb. Henry Hub jumped 4.45%, while gold slipped 0.56% after the Fed voted 10-2 to hold rates. Lean hogs posted the day's biggest decline, and coffee fell 2.52%.
What moved
Change from the prior settle, at the time of the evening brief.
| Crude | |
|---|---|
| WTI | +2.88% |
| Brent | +1.26% |
| Refined | |
| RBOB | +1.14% |
| ULSD | +0.84% |
| Nat Gas | |
| Henry Hub | +4.45% |
| Metals | |
| Gold | −0.56% |
| Silver | −1.55% |
| Copper | +0.29% |
| Platinum | +0.17% |
| Palladium | −1.43% |
| Agriculture | |
| Corn | +0.67% |
| Soybeans | −0.39% |
| Wheat | −1.84% |
| Cotton | +0.13% |
| Sugar | +0.83% |
| Coffee | −2.52% |
| Cocoa | −2.06% |
| Livestock | |
| Lean Hogs | −5.52% |
| Live Cattle | −1.53% |
| US dollar index | |
| Dollar index (DXY) | −0.19% |
Written with AI from public sources, checked by code, reviewed by GEO. Not investment advice.