# Commodity Corner: Oil steadies after two-day slide; gold extends decline on US rate hike bets

> 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.

- Date: 2026-11-11 · published 2026-11-11T03:10:02.775Z
- Category: geopolitics · region Global · magnitude low
- Page: https://feedsoft.ai/events/92806-commodity-corner-oil-steadies-after-two-day-slide-gold-extends-decline-on-us
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

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.

## Read by commodity

- DXY: bullish ▲
- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-03-27 | [Crude oil futures decline as US extends Iran peace deal deadline - The HinduBusinessLine](https://feedsoft.ai/events/20283-crude-oil-futures-decline-as-us-extends-iran-peace-deal-deadline-the.md) | +17.8% | +1.5% |
| WTI | 2026-03-25 | [Gold rises over 2% on softer dollar, easing fears of higher interest rates \| Commodity News - Business Standard](https://feedsoft.ai/events/20076-gold-rises-over-2-on-softer-dollar-easing-fears-of-higher-interest-rates.md) | +10.2% | +1.3% |
| WTI | 2026-04-08 | [The Commodities Feed: Oil slumps below $100 after US, Iran agree to two-week ceasefire \| ING THINK](https://feedsoft.ai/events/10459-the-commodities-feed-oil-slumps-below-100-after-us-iran-agree-to-two-week.md) | -18.9% | -8.3% |
| WTI | 2018-07-11 | [Crude oil falls after US softens stance on Iranian sanction waivers - The HinduBusinessLine](https://feedsoft.ai/events/10097-crude-oil-falls-after-us-softens-stance-on-iranian-sanction-waivers-the.md) | -8.2% | -6.7% |
| WTI | 2018-09-21 | [Oil pares gains after report OPEC, allies considering supply hike](https://feedsoft.ai/events/63204-oil-pares-gains-after-report-opec-allies-considering-supply-hike.md) | +1.9% | -3.0% |
| BRENT | 2026-03-27 | [Crude oil futures decline as US extends Iran peace deal deadline - The HinduBusinessLine](https://feedsoft.ai/events/20283-crude-oil-futures-decline-as-us-extends-iran-peace-deal-deadline-the.md) | +6.6% | -1.9% |
| BRENT | 2026-03-25 | [Gold rises over 2% on softer dollar, easing fears of higher interest rates \| Commodity News - Business Standard](https://feedsoft.ai/events/20076-gold-rises-over-2-on-softer-dollar-easing-fears-of-higher-interest-rates.md) | +15.0% | +1.0% |
| BRENT | 2026-04-08 | [The Commodities Feed: Oil slumps below $100 after US, Iran agree to two-week ceasefire \| ING THINK](https://feedsoft.ai/events/10459-the-commodities-feed-oil-slumps-below-100-after-us-iran-agree-to-two-week.md) | -13.7% | -8.7% |

## Sources

- moneycontrol.com: https://www.moneycontrol.com/news/business/commodities/commodity-corner-oil-steadies-after-two-day-slide-gold-extends-decline-on-us-rate-hike-bets-14076022.html

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