# WTI holds gains around $90.50 on Middle East supply risks despite steep weekly loss

> WTI rose for a second day to around $90.60 a barrel as tanker attacks and risks to transit through the Strait of Hormuz revived concerns about Middle Eastern oil flows. Despite the rebound, prices remained on course for a weekly decline of more than 11% amid expectations of possible de-escalation in the Iran war.

- Date: 2026-11-06 · published 2026-11-06T15:09:01.606Z
- Category: geopolitics · region Middle East · magnitude low
- Page: https://feedsoft.ai/events/84117-wti-holds-gains-around-90-50-on-middle-east-supply-risks-despite-steep-weekly
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Risks to Gulf shipping could constrain export flows and support crude prices, particularly during disruptions. The broader expectation of de-escalation is weighing on the market and limiting that support.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-10-29 | [WTI climbs above $101.00 on Middle East supply risks](https://feedsoft.ai/events/616-wti-climbs-above-101-00-on-middle-east-supply-risks.md) | -2.3% | — |
| WTI | 2024-10-04 | [Oil settles up, biggest weekly gains in over a year on Middle East war risk \| Reuters](https://feedsoft.ai/events/10024-oil-settles-up-biggest-weekly-gains-in-over-a-year-on-middle-east-war-risk.md) | +2.9% | -6.3% |
| WTI | 2024-10-04 | [Palm surges on Middle East conflict, records highest weekly gain in 16 months - Markets - Business Recorder](https://feedsoft.ai/events/7764-palm-surges-on-middle-east-conflict-records-highest-weekly-gain-in-16-months.md) | +2.9% | -6.3% |
| WTI | 2026-07-23 | [Oil settles over $100 as Houthi attacks intensify Middle East supply risks \| Reuters](https://feedsoft.ai/events/9925-oil-settles-over-100-as-houthi-attacks-intensify-middle-east-supply-risks.md) | -7.9% | -6.4% |
| WTI | 2018-07-26 | [Factbox: Risks to Middle East oil and gas shipping routes](https://feedsoft.ai/events/63929-factbox-risks-to-middle-east-oil-and-gas-shipping-routes.md) | -3.0% | -3.8% |
| BRENT | 2024-10-04 | [Oil settles up, biggest weekly gains in over a year on Middle East war risk \| Reuters](https://feedsoft.ai/events/10024-oil-settles-up-biggest-weekly-gains-in-over-a-year-on-middle-east-war-risk.md) | +2.4% | -5.7% |
| BRENT | 2024-10-04 | [Palm surges on Middle East conflict, records highest weekly gain in 16 months - Markets - Business Recorder](https://feedsoft.ai/events/7764-palm-surges-on-middle-east-conflict-records-highest-weekly-gain-in-16-months.md) | +2.4% | -5.7% |
| BRENT | 2026-07-23 | [Oil settles over $100 as Houthi attacks intensify Middle East supply risks \| Reuters](https://feedsoft.ai/events/9925-oil-settles-over-100-as-houthi-attacks-intensify-middle-east-supply-risks.md) | -9.5% | -7.3% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/wti-holds-gains-around-9050-on-middle-east-supply-risks-despite-steep-weekly-loss-202611060755

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