Brent Crude Oil Price: $92.53 Wednesday After the Lowest…
By Tobi Opeyemi Amure
AI summary of the source article
Brent crude futures rebounded to $92.53 on Wednesday after settling Tuesday at $91.49, its lowest settlement since August. Prices fell previously on hopes of US-Iran de-escalation, recovered crude flows through the Strait of Hormuz, and rising OPEC output.
Why it matters
Analysts quoted by Oilprice.com described the market as unwinding part of its geopolitical risk premium while talks remain uncertain.
Key facts
- Brent crude futures were at $92.53 on Wednesday morning after settling Tuesday at $91.49 and touching an intraday low of $89.15.
- WTI crude settled Tuesday at $86.04 and reached $86.68 early Wednesday.
- October US consumer price index rose 0.4% month-over-month, leading futures to fully price a 25 basis point Federal Reserve rate hike in December.
Source excerpt · FinanceFeeds
Updated 11 November 2026, 06:45 GMT. Brent crude futures were at $92.53 on Wednesday morning, up about 1.1 percent, after settling Tuesday at $91.49 , down 1.17 percent, its lowest settlement since August (Yahoo Finance, CNBC). Brent briefly traded below $90 on Tuesday for the first time since August. Verdict: a small bounce after the market priced in more of a US-Iran settlement; nothing on the s…