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Brent crude fell about 1.2% to around $91.5 a barrel and WTI fell to about $85.5 as no new US-Iran strikes emerged. Saudi Arabia reported that its October oil output rose 26% to one of the highest monthly levels in years.
Rising Gulf output and calmer hostilities add supply and pressure prices lower, easing energy and freight costs for feed producers. Hormuz risks still leave the market vulnerable to sudden spikes.
ndtvprofit.comKhushi MaheshwariNov 12, 2026After 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.
After 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.
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.
