# Oil: the rally continues, with Brent above $96; gas prices are also rising

> Brent rose 0.7% to $96.55 and WTI to $88.92 after Trump said the US does not need a deal with Iran and asked Vice-President Vance to focus on domestic issues. The Iranian Revolutionary Guard Corps Navy said an LNG tanker struck a naval mine in the Strait of Hormuz. Amsterdam gas prices jumped 4.6% to 96.5 euros per megawatt-hour.

- Date: 2026-11-13 · published 2026-11-13T09:10:18.886Z
- Category: geopolitics · region Middle East · magnitude medium
- Page: https://feedsoft.ai/events/97513-oil-the-rally-continues-with-brent-above-96-gas-prices-are-also-rising
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

A mined LNG carrier and reduced diplomacy odds raise supply risk for crude and gas, lifting energy and fertilizer costs for feed producers. Higher European gas prices also tighten nitrogen fertilizer supply.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲
- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-05-27 | [Canola prices are rising on forecasts of high oil prices by the end of the year.](https://feedsoft.ai/events/19358-canola-prices-are-rising-on-forecasts-of-high-oil-prices-by-the-end-of-the-year.md) | -1.3% | -19.1% |
| BRENT | 2026-07-22 | [Oil price rises above $95 mark as Middle East conflict escalates \| Oil \| The Guardian](https://feedsoft.ai/events/9932-oil-price-rises-above-95-mark-as-middle-east-conflict-escalates-oil-the-guardian.md) | -8.2% | +0.8% |
| BRENT | 2022-05-05 | [Opec+ sticks to June output plan as oil prices continue to rise   \| The National](https://feedsoft.ai/events/41320-opec-sticks-to-june-output-plan-as-oil-prices-continue-to-rise-the-national.md) | -2.5% | +8.0% |
| BRENT | 2026-08-31 | [Brent nears $90 after US-Iran strikes: Why is crude oil price rising?](https://feedsoft.ai/events/18055-brent-nears-90-after-us-iran-strikes-why-is-crude-oil-price-rising.md) | +10.8% | +22.9% |
| BRENT | 2018-09-28 | [Why The Oil Rally Is Slowing Down \| OilPrice.com](https://feedsoft.ai/events/63203-why-the-oil-rally-is-slowing-down-oilprice-com.md) | +4.5% | -5.6% |
| WTI | 2026-05-27 | [Canola prices are rising on forecasts of high oil prices by the end of the year.](https://feedsoft.ai/events/19358-canola-prices-are-rising-on-forecasts-of-high-oil-prices-by-the-end-of-the-year.md) | +0.7% | -16.4% |
| WTI | 2022-05-05 | [Opec+ sticks to June output plan as oil prices continue to rise   \| The National](https://feedsoft.ai/events/41320-opec-sticks-to-june-output-plan-as-oil-prices-continue-to-rise-the-national.md) | -2.1% | +8.4% |
| WTI | 2026-08-31 | [Brent nears $90 after US-Iran strikes: Why is crude oil price rising?](https://feedsoft.ai/events/18055-brent-nears-90-after-us-iran-strikes-why-is-crude-oil-price-rising.md) | +9.6% | +4.0% |

## Sources

- en.ilsole24ore.com: https://en.ilsole24ore.com/art/oil-continues-to-rise-with-brent-above-96-gas-prices-are-also-rising-AJDIYFFC

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