Loading…
Oil fell more than 1% on Thursday as diplomatic progress on Iran and Russia-Ukraine reduced geopolitical risk premiums. Brent was down 1.58% at $91.29 and WTI fell to $85.29, while OPEC+ output rebounded and US crude inventories rose by 9 million barrels.
Easing geopolitical premiums and growing supply lower crude prices, reducing energy and biofuel-linked costs for feed ingredients.
economymiddleeast.comElias Al HelouNov 12, 2026After 255 past bearish geopolitics events, Crude Oil (WTI) moved a median -2.4% over 5 sessions (31% higher; middle half -7.0% to +1.7%), and -5.0% over 20.
After 250 past bearish geopolitics events, Crude Oil (Brent) moved a median -3.1% over 5 sessions (36% higher; middle half -7.9% to +1.6%), and -5.5% 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.
