# Brent holds near $92; Oil remains steady despite no progress in West Asia conflict resolution

> Brent traded near $92.46 a barrel and WTI for December delivery was near $86.39 in early Asian trade on Thursday. Iran said it would not hand over enriched nuclear material, and Tehran and Washington were not negotiating. Brent is still up more than 50% in 2026.

- Date: 2026-11-12 · published 2026-11-12T03:09:58.262Z
- Category: geopolitics · region Middle East · magnitude low
- Page: https://feedsoft.ai/events/94808-brent-holds-near-92-oil-remains-steady-despite-no-progress-in-west-asia
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Stalled talks keep a geopolitical risk premium in crude, supporting energy input costs for feed and fertilizer. Flat prices mean no immediate change in biofuel feedstock economics.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2025-11-29 | [OPEC+ holds oil output steady, agrees capacity mechanism \| Reuters](https://feedsoft.ai/events/21870-opec-holds-oil-output-steady-agrees-capacity-mechanism-reuters.md) | +2.7% | -1.1% |
| WTI | 2022-08-24 | [Oil ends higher on U.S. response to Iran nuclear deal comments](https://feedsoft.ai/events/40194-oil-ends-higher-on-u-s-response-to-iran-nuclear-deal-comments.md) | -3.8% | -12.9% |
| WTI | 2025-11-30 | [OPEC+ ministers reaffirm earlier decisions on oil production in 2026 -  Business & Economy - TASS](https://feedsoft.ai/events/21873-opec-ministers-reaffirm-earlier-decisions-on-oil-production-in-2026-business.md) | +2.7% | -1.1% |
| WTI | 2025-11-30 | [OPEC+ Holds Output Steady, Approves New Capacity Framework Through 2026 \| OilPrice.com](https://feedsoft.ai/events/21875-opec-holds-output-steady-approves-new-capacity-framework-through-2026-oilprice.md) | +2.7% | -1.1% |
| WTI | 2025-11-20 | [Refining Margins Soar as Global Oil Product Markets Tighten \| OilPrice.com](https://feedsoft.ai/events/11480-refining-margins-soar-as-global-oil-product-markets-tighten-oilprice-com.md) | -2.1% | -6.3% |
| BRENT | 2025-11-29 | [OPEC+ holds oil output steady, agrees capacity mechanism \| Reuters](https://feedsoft.ai/events/21870-opec-holds-oil-output-steady-agrees-capacity-mechanism-reuters.md) | +0.7% | -1.8% |
| BRENT | 2022-08-24 | [Oil ends higher on U.S. response to Iran nuclear deal comments](https://feedsoft.ai/events/40194-oil-ends-higher-on-u-s-response-to-iran-nuclear-deal-comments.md) | -0.5% | -9.7% |
| BRENT | 2025-11-30 | [OPEC+ ministers reaffirm earlier decisions on oil production in 2026 -  Business & Economy - TASS](https://feedsoft.ai/events/21873-opec-ministers-reaffirm-earlier-decisions-on-oil-production-in-2026-business.md) | +0.7% | -1.8% |

## Sources

- cnbctv18.com: https://www.cnbctv18.com/market/commodities/oil-prices-brent-wti-iran-us-peace-talks-nuclear-stockpile-saudi-crude-output-strait-of-hormuz-russia-ukraine-20032001.htm

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