COMMODITY
Crude oil futures end sharply higher on Thursday
Nov-13-2026

Crude oil futures closed sharply higher on Thursday as concerns of supply disruptions returned to the markets after U.S. President Donald Trump asserted that the U.S. is no longer interested in any deal with Iran. On the inventory front, the Energy Information Administration (EIA) released a report showed that US crude oil inventories increased by 4.657 million barrels in the week ended November 6, marking the largest build since August and reversing five consecutive weeks of declines.

Benchmark crude oil futures for December delivery rose by $2.21 or 2.55% to settle at $88.74 a barrel on the New York Mercantile Exchange. Brent crude for January delivery increased by $3.06 or 3.30% to settle at $95.82 a barrel on the New York Mercantile Exchange. 


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