# Oil falls over $1 on easing geopolitical fears and oversupply worries

> 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.

- Date: 2026-11-12 · published 2026-11-12T12:10:06.027Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/95398-oil-falls-over-1-on-easing-geopolitical-fears-and-oversupply-worries
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

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.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Sources

- finance.yahoo.com: https://finance.yahoo.com/energy/articles/oil-falls-over-1-easing-045152522.html

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