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Brent crude rose about 1% to around $96.74 a barrel, while WTI gained 0.4% to $89.09. Trump said he might use military force against Iran immediately if US allies and ships were threatened.
Higher-than-expected US commercial crude inventories, up 4.7 million barrels in the week to November 6, capped gains.
Geopolitical risk supports crude prices, which feed into diesel, ethanol and fertilizer costs for feed producers. Rising US inventories point to softer demand and limit the upside.
aa.com.trNov 13, 2026After 656 past bullish geopolitics events, Crude Oil (Brent) moved a median +1.9% over 5 sessions (63% higher; middle half -2.7% to +6.6%), and +0.7% over 20.
After 626 past bullish geopolitics events, Crude Oil (WTI) moved a median +2.1% over 5 sessions (62% higher; middle half -2.3% to +8.5%), and +1.6% 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.
