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Oil prices initially fell over $1 on November 12 as fears of wider Middle East escalation eased, then recovered to Brent near $93.21 and WTI near $86.80. Russian and Ukrainian negotiators agreed a large prisoner exchange at Abu Dhabi talks, though territorial differences remain, and Iran said it would not release enriched nuclear material.
Easing war risk and rising OPEC+ and US supply point toward softer crude, which lowers biofuel and fuel costs for feed producers, while Black Sea peace prospects could eventually ease grain export constraints.
english.nv.uaBohuslav RomanenkoNov 12, 2026After 54 past neutral macro events, Crude Oil (Brent) moved a median +0.4% over 5 sessions (57% higher; middle half -2.8% to +2.5%), and +0.6% over 20.
After 102 past neutral macro events, Crude Oil (WTI) moved a median -0.1% over 5 sessions (49% higher; middle half -3.3% to +2.5%), and +1.8% over 20.
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.
