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Oil rebounded from a two-month low as attacks on shipping in the Strait of Hormuz weakened hopes for a truce in the Iran war. Natural gas also rose to a four-week high amid cooler forecasts, record LNG demand, and falling output; the article’s technical outlook remained bearish for WTI and conditionally bullish for natural gas.
Continuing attacks threaten energy shipments and support crude prices, while weather-driven demand and lower gas output tighten near-term gas availability. Higher energy costs can lift feed production and transport expenses.
fxempire.comArslan AliNov 11, 2026After 626 past bullish geopolitics events, Crude Oil (WTI) moved a median +2.1% over 5 sessions (62% higher; middle half -2.3% to +8.5%), and +1.6% over 20.
After 656 past bullish geopolitics events, Crude Oil (Brent) moved a median +1.9% over 5 sessions (63% higher; middle half -2.7% to +6.6%), and +0.7% over 20.
After 136 past bullish geopolitics events, Natural Gas moved a median +2.7% over 5 sessions (63% higher; middle half -1.8% to +8.8%), and +4.0% 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.
