{"id":4250,"date":"2026-11-12T10:03:47","date_gmt":"2026-11-12T05:03:47","guid":{"rendered":"https:\/\/ipp-news.com\/?p=4250"},"modified":"2026-11-12T10:03:47","modified_gmt":"2026-11-12T05:03:47","slug":"oil-prices-fall-as-peace-hopes-ease-middle-east-supply-concerns","status":"publish","type":"post","link":"https:\/\/ipp-news.com\/?p=4250","title":{"rendered":"Oil prices fall as peace hopes ease Middle East supply concerns"},"content":{"rendered":"
\n

Oil prices dropped more than $1 on Thursday as hopes for progress in peace talks over the Middle East and the Russia-Ukraine \u200bwars pressured the market.<\/strong><\/p>\n

Brent futures lost $1.14, or 1.2%, to $91.62 a barrel.<\/p>\n

US West Texas Intermediate (WTI) crude futures fell $1.04, or 1.2%, to $85.49. Brent rose about 1.4% and WTI 0.6% on Wednesday after hitting two-month lows<\/a> the previous day.<\/p>\n

\u201cMarkets are \u200bfalling on expectations that behind-the-scenes efforts are underway to secure a \u200bceasefire between Russia and Ukraine and that it is unlikely the \u2060Iran war will escalate ahead of the US-China summit<\/a> next week,\u201d said Hiroyuki \u200bKikukawa, chief strategist of Nissan Securities Investment, a unit of Nissan Securities.<\/p>\n

\u201cHowever, given \u200bthe uncertainty surrounding the Strait of Hormuz, the markets are unlikely to suffer a significant collapse,\u201d Kikukawa said.<\/p>\n

Russian and Ukrainian negotiators agreed<\/a> to a major prisoner exchange at two days of \u200bpeace talks in Abu Dhabi that ended on Wednesday, although US mediators said \u200bdifferences remained on other major issues, including territory.<\/p>\n

Ukrainian President Volodymyr Zelenskiy said Kyiv hoped to \u200cachieve concrete \u2060results<\/a> on resolving the war this year.<\/p>\n

Meanwhile, Iran will not allow even a single particle of enriched nuclear material to leave the country, and there will be consequences if US launches new strikes, Iranian security chief Mohsen Rezaei said<\/a> in \u200btelevised remarks.<\/p>\n

Washington has \u200bsaid nuclear issues \u2060must be part of any initial negotiations with Iran aimed at ending the eight-month-old war, while US officials downplayed<\/a> the need \u200bfor further military strikes.<\/p>\n

OPEC+ crude oil production jumped<\/a> in October, \u200bled by \u2060a sharp increase in output from Saudi Arabia despite continued disruption to shipments<\/a> through the Hormuz Strait.<\/p>\n

US crude stocks rose by 9 million barrels in the latest week, market \u2060sources \u200bsaid, citing data from the American Petroleum Institute. \u200b<\/p>\n

Official data from the US Energy Information Administration is due on Thursday, delayed a day due to \u200ba US national holiday on Wednesday.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Oil prices dropped more than $1 on Thursday as hopes for progress in peace talks over the Middle East and the Russia-Ukraine \u200bwars pressured the market. Brent futures lost $1.14, or 1.2%, to $91.62 a barrel. US West Texas Intermediate (WTI) crude futures fell $1.04, or 1.2%, to $85.49. Brent rose about 1.4% and WTI 0.6% on Wednesday after hitting two-month lows the previous day. \u201cMarkets are \u200bfalling on expectations that behind-the-scenes efforts are underway to secure a \u200bceasefire between Russia and Ukraine and that it is unlikely the \u2060Iran…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-4250","post","type-post","status-publish","format-standard","hentry","category-english"],"gutentor_comment":0,"_links":{"self":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/4250","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4250"}],"version-history":[{"count":0,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/4250\/revisions"}],"wp:attachment":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4250"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4250"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4250"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}