# Oil Prices Drop to Two-Month Low as Middle East Production Surges

> Brent slipped about 1.5% to $91.22 and WTI fell to $85.26, heading toward a two-month low. Saudi Arabia reported a 26% jump in October output to OPEC and Iraq posted a new wartime production high. US-Iran talks remain stalled.

- Date: 2026-11-12 · published 2026-11-12T09:10:14.670Z
- Category: market · region Middle East · magnitude medium
- Page: https://feedsoft.ai/events/95275-oil-prices-drop-to-two-month-low-as-middle-east-production-surges
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Rising Gulf supply is pushing crude lower, reducing energy and freight costs for feed makers. Analysts warn the sell-off could reverse quickly if Hormuz flows do not normalize.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Sources

- gulfnews.com: https://gulfnews.com/business/energy/oil-heads-for-two-month-low-as-middle-east-output-rises-1.500744554

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