# Oil Prices Plunge Over $1 Amid Easing Geopolitical Concerns and Supply Warnings

> Brent fell $1.47 to $91.29 a barrel and WTI slipped $1.24 to $85.29 early on Thursday. The decline followed easing concerns about escalation of the Middle East conflict and reversed the previous day's small gains. Rising OPEC+ output and growing US inventories also fed oversupply worries.

- Date: 2026-11-12 · published 2026-11-12T12:10:15.641Z
- Category: geopolitics · region Global · magnitude low
- Page: https://feedsoft.ai/events/95399-oil-prices-plunge-over-1-amid-easing-geopolitical-concerns-and-supply-warnings
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Lower crude weakens the energy-cost floor under biofuel feedstocks and diesel, which can pressure soybean oil, corn ethanol and freight costs. Feed buyers should expect some easing in input and transport costs if the risk premium keeps unwinding.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2025-05-27 | [Oil prices ease as US-Iran talks, OPEC+ plans spur supply concerns](https://feedsoft.ai/events/24853-oil-prices-ease-as-us-iran-talks-opec-plans-spur-supply-concerns.md) | +0.8% | +12.0% |
| BRENT | 2026-04-13 | [Oil prices fall as supply concerns ease on hopes for US-Iran talks - CNA](https://feedsoft.ai/events/10085-oil-prices-fall-as-supply-concerns-ease-on-hopes-for-us-iran-talks-cna.md) | -11.3% | -3.8% |
| BRENT | 2025-06-24 | [Crude Prices Plunge as Geopolitical Risk Premium Vanishes](https://feedsoft.ai/events/10001-crude-prices-plunge-as-geopolitical-risk-premium-vanishes.md) | -6.9% | -3.2% |
| BRENT | 2026-05-05 | [Oil Prices Tumble Over 3% as Risk Sentiment Shifts and Demand Concerns Weigh on WTI and Brent](https://feedsoft.ai/events/9585-oil-prices-tumble-over-3-as-risk-sentiment-shifts-and-demand-concerns-weigh-on.md) | -9.6% | -16.4% |
| BRENT | 2020-04-01 | [Oil Plunges Most Since 1991 After Producers Embark on Price War](https://feedsoft.ai/events/54280-oil-plunges-most-since-1991-after-producers-embark-on-price-war.md) | +44.4% | +9.2% |
| WTI | 2025-05-27 | [Oil prices ease as US-Iran talks, OPEC+ plans spur supply concerns](https://feedsoft.ai/events/24853-oil-prices-ease-as-us-iran-talks-opec-plans-spur-supply-concerns.md) | +0.9% | +4.3% |
| WTI | 2026-04-13 | [Oil prices fall as supply concerns ease on hopes for US-Iran talks - CNA](https://feedsoft.ai/events/10085-oil-prices-fall-as-supply-concerns-ease-on-hopes-for-us-iran-talks-cna.md) | -12.8% | -0.0% |
| WTI | 2025-06-24 | [Crude Prices Plunge as Geopolitical Risk Premium Vanishes](https://feedsoft.ai/events/10001-crude-prices-plunge-as-geopolitical-risk-premium-vanishes.md) | -4.6% | -1.6% |

## Sources

- energy.economictimes.indiatimes.com: https://energy.economictimes.indiatimes.com/news/oil-and-gas/update-1-oil-falls-over-1-on-easing-geopolitical-fears-and-oversupply-worries/135756230

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