# WTI Price Forecast: Clings to gains above mid-$85.00s; bearish potential seems intact

> WTI traded near $85.70, extending a rebound from around $83, its lowest level since late August. A larger-than-expected draw in US crude inventories and ongoing security risks around the Strait of Hormuz supported prices, while optimism about US-Iran negotiations capped gains.

- Date: 2026-11-11 · published 2026-11-11T09:12:01.318Z
- Category: geopolitics · region Middle East · magnitude low
- Page: https://feedsoft.ai/events/93292-wti-price-forecast-clings-to-gains-above-mid-85-00s-bearish-potential-seems
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A possible diplomatic resolution and reduced disruption risk could ease the crude supply premium, although inventory draws and attacks on regional shipping and infrastructure provide support.

## Read by commodity

- WTI: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2024-09-03 | [Crude oil prices today: WTI erases all 2024 gains](https://feedsoft.ai/events/12385-crude-oil-prices-today-wti-erases-all-2024-gains.md) | -6.6% | -7.6% |
| WTI | 2025-06-25 | [Why have oil prices declined and what are the potential implications? \| Explained - The Hindu](https://feedsoft.ai/events/9616-why-have-oil-prices-declined-and-what-are-the-potential-implications-explained.md) | +1.8% | +3.1% |
| WTI | 2026-10-29 | [US oil prices fall as investors gauge risks to Mideast supply By Reuters](https://feedsoft.ai/events/252-us-oil-prices-fall-as-investors-gauge-risks-to-mideast-supply-by-reuters.md) | -2.3% | — |
| WTI | 2026-10-29 | [WTI Oil eases from highs on Iran peace hopes but remains above $100.00](https://feedsoft.ai/events/1442-wti-oil-eases-from-highs-on-iran-peace-hopes-but-remains-above-100-00.md) | -2.3% | — |
| WTI | 2024-04-18 | [Crude oil prices today: WTI falls below $83 as war fear eases](https://feedsoft.ai/events/30929-crude-oil-prices-today-wti-falls-below-83-as-war-fear-eases.md) | +0.5% | -4.3% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/wti-price-forecast-clings-to-gains-above-mid-8500s-bearish-potential-seems-intact-202611110707

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