# Oil prices edge lower as rising crude output offset geopolitical risks

> Brent was down 37 cents to $92.39 and WTI down 37 cents to $86.16 mid-morning on Thursday, after both contracts fell more than $1 in early Asian trading. OPEC+ crude output rose in October on higher Saudi production despite disruptions in the Strait of Hormuz. Two oil supertankers were disabled by mines in the strait, and Iran said it would not release enriched nuclear material.

- Date: 2026-11-12 · published 2026-11-12T12:10:15.700Z
- Category: geopolitics · region Global · magnitude low
- Page: https://feedsoft.ai/events/95400-oil-prices-edge-lower-as-rising-crude-output-offset-geopolitical-risks
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Persistent Hormuz disruption keeps a risk premium in crude, which supports energy and biofuel input costs. Rising OPEC+ output offsets that support, so prices are likely to stay range-bound with volatility, keeping feed-related energy costs uncertain.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-04-06 | [OPEC+ to hike crude output: Will it make a difference to oil prices? \| Euronews](https://feedsoft.ai/events/19611-opec-to-hike-crude-output-will-it-make-a-difference-to-oil-prices-euronews.md) | -9.7% | -4.1% |
| BRENT | 2026-06-01 | [OPEC+ announces symbolic oil output rise during Strait of Hormuz closure](https://feedsoft.ai/events/19157-opec-announces-symbolic-oil-output-rise-during-strait-of-hormuz-closure.md) | +2.9% | -23.1% |
| BRENT | 2025-11-20 | [Refining Margins Soar as Global Oil Product Markets Tighten \| OilPrice.com](https://feedsoft.ai/events/11480-refining-margins-soar-as-global-oil-product-markets-tighten-oilprice-com.md) | +0.5% | -5.5% |
| BRENT | 2020-10-19 | [OPEC Meeting Ends Without Firm Decision On Output Cuts \| OilPrice.com](https://feedsoft.ai/events/50550-opec-meeting-ends-without-firm-decision-on-output-cuts-oilprice-com.md) | -2.1% | +0.0% |
| BRENT | 2016-11-16 | [Oil volatile as U.S. crude build faces OPEC freeze hopes](https://feedsoft.ai/events/12018-oil-volatile-as-u-s-crude-build-faces-opec-freeze-hopes.md) | +4.5% | +19.7% |
| WTI | 2026-07-31 | [WTI Oil rises as geopolitical risks keep supply concerns alive](https://feedsoft.ai/events/18520-wti-oil-rises-as-geopolitical-risks-keep-supply-concerns-alive.md) | -7.4% | -0.3% |
| WTI | 2026-04-06 | [OPEC+ to hike crude output: Will it make a difference to oil prices? \| Euronews](https://feedsoft.ai/events/19611-opec-to-hike-crude-output-will-it-make-a-difference-to-oil-prices-euronews.md) | -13.2% | -7.5% |
| WTI | 2026-06-01 | [OPEC+ announces symbolic oil output rise during Strait of Hormuz closure](https://feedsoft.ai/events/19157-opec-announces-symbolic-oil-output-rise-during-strait-of-hormuz-closure.md) | +3.5% | -20.5% |

## Sources

- live.euronext.com: https://live.euronext.com/en/financial-news/oil-prices-edge-lower-rising-crude-output-offset-geopolitical-risks

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