# Crude oil outlook remains bearish as Persian Gulf supplies recover, war premium fades: Emkay

> Emkay reported steep weekly crude-price declines, with WTI down 12.76% and India's MCX crude down 14.9%. The report attributed the sell-off to a fading geopolitical risk premium as hopes for a US-Iran resolution grew and Persian Gulf exports recovered despite continued vessel attacks.

- Date: 2026-11-11 · published 2026-11-11T09:12:01.455Z
- Category: geopolitics · region Persian Gulf · magnitude medium
- Page: https://feedsoft.ai/events/93294-crude-oil-outlook-remains-bearish-as-persian-gulf-supplies-recover-war-premium
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Recovering exports add supply while easing conflict concerns reduce the risk premium, creating bearish pressure on crude prices.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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% |
| WTI | 2025-09-19 | [Crude oil trades lower as Trump pledges support for post-war peace between Russia and Ukraine - The HinduBusinessLine](https://feedsoft.ai/events/22974-crude-oil-trades-lower-as-trump-pledges-support-for-post-war-peace-between.md) | +2.4% | -9.1% |
| WTI | 2018-09-21 | [Exclusive - OPEC and allies consider oil output boost as Iranian supply falls: source \| Reuters](https://feedsoft.ai/events/62930-exclusive-opec-and-allies-consider-oil-output-boost-as-iranian-supply-falls.md) | +1.9% | -3.0% |
| WTI | 2026-05-06 | [Brent Crude Price: Oil and gas plunge after report US and Iran near deal to end war](https://feedsoft.ai/events/9582-brent-crude-price-oil-and-gas-plunge-after-report-us-and-iran-near-deal-to-end.md) | +0.0% | -5.8% |
| WTI | 2026-04-01 | [Grain, Oilseed Prices Fall as Traders Look for End to Iran War - Bloomberg](https://feedsoft.ai/events/19762-grain-oilseed-prices-fall-as-traders-look-for-end-to-iran-war-bloomberg.md) | -6.6% | +6.7% |
| BRENT | 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) | +0.1% | -8.0% |
| BRENT | 2025-09-19 | [Crude oil trades lower as Trump pledges support for post-war peace between Russia and Ukraine - The HinduBusinessLine](https://feedsoft.ai/events/22974-crude-oil-trades-lower-as-trump-pledges-support-for-post-war-peace-between.md) | +3.4% | -9.7% |
| BRENT | 2022-11-18 | [European refiners oversupplied as oil shortage fears subside](https://feedsoft.ai/events/38870-european-refiners-oversupplied-as-oil-shortage-fears-subside.md) | -5.4% | -9.5% |

## Sources

- energy.economictimes.indiatimes.com: https://energy.economictimes.indiatimes.com/news/oil-and-gas/crude-oil-outlook-remains-bearish-as-persian-gulf-supplies-recover-war-premium-fades-emkay/135729948

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