Siebert Financial sees diesel costs sustaining inflation despite falling oil prices

• Siebert Financial warned that falling crude prices may not ease inflation quickly, leaving businesses exposed to elevated costs and further monetary tightening.
• Brent settled at $95.82 and WTI at $88.74 Thursday; both benchmarks remained about 2.5% lower for the week.
• Diesel averaged approximately $6.17 per gallon earlier this week, with distillate inventories roughly 8% below their five-year average.
• Global oil stockpiles have fallen by an estimated more than 460 million barrels since the war began, creating demand for replenishment.
• October consumer prices rose 0.4%; futures markets priced a December 9 Federal Reserve rate hike as certain.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Siebert Financial Corporation published the original content used to generate this news brief on November 13, 2026, and is solely responsible for the information contained therein.