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Brent was around $92.33 per barrel on November 11, up on the day but down 10.41% over the week; WTI was also lower over the week. The article attributes the decline to easing U.S.-Iran tensions and recovering regional oil shipments, and notes that cheaper crude could support the Indian rupee.
Lower oil prices reduce energy-cost pressure and may improve India’s external balance, while the recovery in Middle East exports removes some supply risk premium.
zeebiz.comAnubhav MauryaNov 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.
Not enough comparable past events yet for a historical read.
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.
