The week of November 2–6, 2026

Voters Cut the Oil Price. Tariffs Stayed Put.

Brent fell 8.6% to $94.66 after the midterms, but diesel was still $6.292, ISM prices read 75.2, contract truckload rates hit a 52-week high and 178 China exclusions expire November 9.

Read the issueJosh Hoffner, 14 min read

This week in numbers

The figures this issue turns on. An orange rule marks a reading that rose.

Brent crude (Nov 4)
$94.66/bbl
▼ 8.6% on the day; lowest since early Sept
Retail diesel (DOE weekly)
$6.292/gal
▼ 6.0¢ WoW; +$2.539 YoY
ISM manufacturing prices index (Oct)
75.2
▼ from 77.9; PMI 55.5
SONAR tender rejections (Nov 3)
12.86%
Oct avg ~13.5% vs 5.73% a year ago
Drewry World Container Index
$4,389/40ft
▼ 1% WoW; second weekly drop
Section 301 China exclusions
178 expire Nov 9
No extension published

Recent issues

Growth Came Back, and Carriers Sent the InvoiceGDP grew 3.4% and the Fed held with two dissents for a hike, while C.H. Robinson's truckload prices rose 31.5%, diesel climbed to $6.352 and Asia–U.S. East Coast rates jumped 9% to $10,565.

Costs moving faster than your plan?

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