WTI steadies above $85 as Middle East peace hopes fade: Nov 12, 2026
WTI is holding around $85 to $85.50 after falling about 2% as easing Middle East tensions deepened losses across energy prices. Saudi crude output jumping 26% to near pre-war production added supply pressure, while fading hopes for a Middle East peace agreement and Iran denying talks with Washington have left prices steadier.
Updated
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Headlines (9)
Carried over from earlier days
- Hong Kong oil majors fall over 2% as Brent plunges 5.85% to $92.57 on easing Iran tensionsgelonghui.com
- The Commodities Feed: Oil slides on easing Middle East tensionsING Think
- Energy prices deepen losses while precious metals edge loweraa.com.tr
- US stock futures diverge ahead of inflation data, WTI falls 2% to about $85flash.jin10.com
- WTI rebounds above $85.50 despite easing Middle East tensionsFXStreet
- WTI Oil steadies above $85 as hopes of a Middle East peace agreement start to fadeFXStreet
- Saudi Crude Output Jumps 26% as Riyadh Reports Near Pre-War ProductionOilPrice.com
- Brent Jumps Nearly 3% as Iran Denies Any Talks With WashingtonOilPrice.com
- Midterms strip out the war premium, but the next two months make shorts a risky betHellenic Shipping News
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Thursday, November 12 | ||
| New Loans | 80B | CNY |
| M2 Money Supply y/y | 7.2% | CNY |
| Building Permits m/m | -4.0% | CAD |
| FOMC Member Hammack Speaks | USD | |
| Unemployment Claims | 194K | USD |
| Existing Home Sales | 3.89M | USD |
| FOMC Member Barr Speaks | USD | |
| Mortgage Delinquencies | USD | |