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Oil steadied after a two-day decline, with WTI near $86 and Brent below $92 as traders watched for further de-escalation in the Iran war. The U.S. dollar held near a two-week high after hotter-than-expected inflation data and hawkish Federal Reserve comments increased rate-hike expectations.
Easing conflict concerns could reduce the geopolitical risk premium in crude, while a stronger dollar can add pressure by making dollar-priced oil more expensive for non-U.S. buyers.
moneycontrol.comMoneycontrol NewsNov 11, 2026After 255 past bearish geopolitics events, Crude Oil (WTI) moved a median -2.4% over 5 sessions (31% higher; middle half -7.0% to +1.7%), and -5.0% over 20.
After 250 past bearish geopolitics events, Crude Oil (Brent) moved a median -3.1% over 5 sessions (36% higher; middle half -7.9% to +1.6%), and -5.5% over 20.
After 89 past bullish geopolitics events, US Dollar (Broad) moved a median +0.5% over 5 sessions (74% higher; middle half -0.0% to +1.0%), and +0.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
