# CME : WTI Crude Oil futures hit cycle low as Mideast risk premiums ease.

> WTI futures touched a cycle low of $83.88 a barrel before trimming losses as markets assessed Iran diplomacy and reduced expectations of further military strikes. The EIA projected global oil inventories would build by 3.5 million barrels per day through the first half of next year, while Middle East production offline narrowed to 2.5 million barrels per day in October from 10.9 million in May.

- Date: 2026-11-10 · published 2026-11-11T00:13:48.999Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/92462-cme-wti-crude-oil-futures-hit-cycle-low-as-mideast-risk-premiums-ease
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Recovering production and projected inventory builds point to looser crude supply and lower benchmark prices, which could reduce energy costs for feed manufacturing and transport.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2021-11-17 | [Oil Futures Deepen Losses Despite US Crude, Product Draws](https://feedsoft.ai/events/11831-oil-futures-deepen-losses-despite-us-crude-product-draws.md) | -2.9% | -12.2% |
| WTI | 2019-05-22 | [Oil prices sink as US crude and gasoline stockpiles rise](https://feedsoft.ai/events/9794-oil-prices-sink-as-us-crude-and-gasoline-stockpiles-rise.md) | -6.4% | -14.5% |
| WTI | 2020-01-08 | [Oil slumps, stocks soar as Mideast conflict worries fade \| Reuters](https://feedsoft.ai/events/9657-oil-slumps-stocks-soar-as-mideast-conflict-worries-fade-reuters.md) | -7.0% | -18.9% |
| WTI | 2017-03-09 | [Oil price falls below $50 as U.S. supplies hit record](https://feedsoft.ai/events/8368-oil-price-falls-below-50-as-u-s-supplies-hit-record.md) | -2.9% | +2.3% |
| WTI | 2018-02-07 | [Oil prices tank as US crude and fuel stockpiles jump](https://feedsoft.ai/events/11357-oil-prices-tank-as-us-crude-and-fuel-stockpiles-jump.md) | -6.6% | -3.7% |
| BRENT | 2019-05-22 | [Oil prices sink as US crude and gasoline stockpiles rise](https://feedsoft.ai/events/9794-oil-prices-sink-as-us-crude-and-gasoline-stockpiles-rise.md) | -3.5% | -14.1% |
| BRENT | 2020-01-08 | [Oil slumps, stocks soar as Mideast conflict worries fade \| Reuters](https://feedsoft.ai/events/9657-oil-slumps-stocks-soar-as-mideast-conflict-worries-fade-reuters.md) | -5.9% | -21.3% |
| BRENT | 2018-02-07 | [Oil prices tank as US crude and fuel stockpiles jump](https://feedsoft.ai/events/11357-oil-prices-tank-as-us-crude-and-fuel-stockpiles-jump.md) | -6.7% | -1.6% |

## Sources

- hk.marketscreener.com: https://hk.marketscreener.com/news/cme-wti-crude-oil-futures-hit-cycle-low-as-mideast-risk-premiums-ease-ce785edad08cf327

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