# Crude oil futures saw a slight uptick late Friday amid concerns over potential new attacks on Iran

> Brent and WTI futures edged higher late Friday as President Trump said he would soon decide whether to pursue a peace agreement with Iran or launch further attacks. Despite the small daily gains, both benchmarks posted steep weekly losses as hopes of reduced conflict risk unwound part of the war premium; the article also describes signs of weaker demand and an emerging supply surplus.

- Date: 2026-11-07 · published 2026-11-07T15:07:41.541Z
- Category: geopolitics · region Middle East · magnitude low
- Page: https://feedsoft.ai/events/86121-crude-oil-futures-saw-a-slight-uptick-late-friday-amid-concerns-over-potential
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Renewed attack risk can support crude prices by threatening regional supply, while reduced conflict risk, softer demand and surplus supply weigh on them. The mixed signals point to continued volatility in crude-linked feed and fuel costs.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-08-29 | [China's Palm, Soybean, and Rapeseed Oil Futures Rise; Crude Up Over 2% on Middle East Tensions \| Gate News](https://feedsoft.ai/events/10975-china-s-palm-soybean-and-rapeseed-oil-futures-rise-crude-up-over-2-on-middle.md) | +9.9% | +21.6% |
| BRENT | 2025-08-26 | [WTI edges higher above $64.50 amid supply concerns, potential US Fed rate cut](https://feedsoft.ai/events/23253-wti-edges-higher-above-64-50-amid-supply-concerns-potential-us-fed-rate-cut.md) | -1.4% | -2.7% |
| BRENT | 2025-06-13 | [OIL FUTURES: Crude surges 6% as Israel launches 'preemptive' strike on Iran \| S&P Global](https://feedsoft.ai/events/11153-oil-futures-crude-surges-6-as-israel-launches-preemptive-strike-on-iran-s-and-p.md) | +12.0% | -0.8% |
| BRENT | 2024-10-07 | [Diesel benchmark up a few cents; futures prices soar on Mideast concerns - FreightWaves](https://feedsoft.ai/events/11682-diesel-benchmark-up-a-few-cents-futures-prices-soar-on-mideast-concerns.md) | +1.2% | -6.8% |
| BRENT | 2025-06-13 | [OIL FUTURES: Crude prices soar as conflict between Israel and Iran escalates \| S&P Global](https://feedsoft.ai/events/10995-oil-futures-crude-prices-soar-as-conflict-between-israel-and-iran-escalates-s.md) | +12.0% | -0.8% |
| WTI | 2025-06-13 | [WTI crude surges after Israel attack on Iran \| Latest Market News](https://feedsoft.ai/events/11155-wti-crude-surges-after-israel-attack-on-iran-latest-market-news.md) | +10.2% | +1.1% |
| WTI | 2025-08-26 | [WTI edges higher above $64.50 amid supply concerns, potential US Fed rate cut](https://feedsoft.ai/events/23253-wti-edges-higher-above-64-50-amid-supply-concerns-potential-us-fed-rate-cut.md) | +1.2% | -2.2% |
| WTI | 2018-06-28 | [U.S. oil prices hit three-and-a-half-year high on concern over Iran sanctions](https://feedsoft.ai/events/8780-u-s-oil-prices-hit-three-and-a-half-year-high-on-concern-over-iran-sanctions.md) | -3.7% | -6.5% |

## Sources

- bunkerist.com: https://bunkerist.com/en/crude-oil-futures-saw-a-slight-uptick-late-friday-amid-concerns-over-potential-new-attacks-on-iran/

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