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Brent traded at $91.32 and WTI at $85.32 after both shed over $1 in Asian trade. Peace hopes followed a round of Russia-Ukraine negotiations that produced only a prisoner exchange, and Iran said it would not give up its enriched uranium.
October OPEC output and a US crude inventory build added pressure, while tanker attacks limited the losses.
Peace optimism and rising OPEC supply are pushing crude lower, which eases energy costs across agriculture and feed logistics. Continued tanker attacks in the Strait of Hormuz could limit how far prices fall.
oilprice.comIrina SlavNov 12, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
