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Brent and WTI slipped slightly on November 12, with Brent near $92.39 and WTI near $86.16, after both fell more than $1 in early Asian trading and were headed for a weekly decline. Rising OPEC+ crude output, led by Saudi Arabia, offset ongoing Middle East and Russia tensions, including two supertankers disabled by mines in the Strait of Hormuz.
Lower crude prices reduce diesel and fertilizer input costs and ease biofuel feedstock economics, which can weigh on soybean oil, corn and ethanol pricing. Hormuz disruption risk keeps the price floor uncertain.
finance.yahoo.comSeher DareenNov 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.
