# Midweek Oil Wrap: Brent Tops $90 A Barrel After Pulling Back Briefly, OPEC October Oil Output, Strategic Petroleum Reserve And More

> Brent rose above $90 a barrel and WTI also gained after prices briefly fell to two-month lows, as traders watched developments in the U.S.-Iran war and attacks on shipping near the Strait of Hormuz. The article also cited a reported 9.8-million-barrel draw in U.S. oil inventories and discussions between President Trump and Qatar’s prime minister about Iran.

- Date: 2026-11-11 · published 2026-11-11T06:16:20.708Z
- Category: geopolitics · region Middle East · magnitude medium
- Page: https://feedsoft.ai/events/93063-midweek-oil-wrap-brent-tops-90-a-barrel-after-pulling-back-briefly-opec-october
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Attacks and conflict-related shipping risks could constrain oil flows and support crude prices, while a large U.S. inventory draw also points to tighter near-term supply. These energy-market moves can affect feed and freight costs.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2020-04-09 | [OPEC and allies agree to historic 10 million barrel per day oil cut](https://feedsoft.ai/events/53545-opec-and-allies-agree-to-historic-10-million-barrel-per-day-oil-cut.md) | -20.7% | -1.1% |
| WTI | 2018-06-25 | [Take a look at the WTI and Brent crude oil prices after OPEC \| IG South Africa](https://feedsoft.ai/events/64676-take-a-look-at-the-wti-and-brent-crude-oil-prices-after-opec-ig-south-africa.md) | +7.6% | -1.4% |
| WTI | 2024-03-28 | [Oil rises more than $1 a barrel on tighter supply outlook](https://feedsoft.ai/events/31366-oil-rises-more-than-1-a-barrel-on-tighter-supply-outlook.md) | +6.4% | +3.2% |
| WTI | 2018-09-24 | [Bullish forecast for oil as Brent touches $80 per barrel](https://feedsoft.ai/events/63237-bullish-forecast-for-oil-as-brent-touches-80-per-barrel.md) | +3.4% | -2.3% |
| WTI | 2026-08-31 | [Brent nears $90 after US-Iran strikes: Why is crude oil price rising?](https://feedsoft.ai/events/18055-brent-nears-90-after-us-iran-strikes-why-is-crude-oil-price-rising.md) | +9.6% | +4.0% |
| BRENT | 2020-04-09 | [OPEC and allies agree to historic 10 million barrel per day oil cut](https://feedsoft.ai/events/53545-opec-and-allies-agree-to-historic-10-million-barrel-per-day-oil-cut.md) | -20.8% | -7.2% |
| BRENT | 2018-06-25 | [Take a look at the WTI and Brent crude oil prices after OPEC \| IG South Africa](https://feedsoft.ai/events/64676-take-a-look-at-the-wti-and-brent-crude-oil-prices-after-opec-ig-south-africa.md) | +5.1% | -2.8% |
| BRENT | 2024-03-28 | [Oil rises more than $1 a barrel on tighter supply outlook](https://feedsoft.ai/events/31366-oil-rises-more-than-1-a-barrel-on-tighter-supply-outlook.md) | +5.8% | +3.6% |

## Sources

- finance.yahoo.com: https://finance.yahoo.com/energy/articles/midweek-oil-wrap-brent-tops-055140191.html

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