COMMODITY
Crude oil futures end higher on Wednesday
Nov-12-2026

Crude oil futures closed higher on Wednesday after strong remarks by Iranian leaders against the U.S. diminished expectations of an early reopening of the Strait of Hormuz. On the inventory front, data from the American Petroleum Institute showed that crude oil inventories rose by 9.00 million barrels for the week ending November 6, defying market forecasts for a 1.00 million-barrel decline and reversing a 5.267 million-barrel drop in the previous week.

Benchmark crude oil futures for December delivery rose by $0.49 or 0.57% to settle at $86.53 a barrel on the New York Mercantile Exchange. Brent crude for January delivery increased by $1.27 or 1.39% to settle at $92.76 a barrel on the New York Mercantile Exchange. 


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