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Oil prices rebound from two-month lows amid ongoing Strait of Hormuz attacks and supply concerns.

Market News
11 Nov 2026, 07:49 WIB
FXEmpire
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Neutral
Oil prices rebound from two-month lows amid ongoing Strait of Hormuz attacks and supply concerns.

Oil prices rose from a two-month low due to continued attacks on shipping in the Strait of Hormuz, which raised concerns about supply disruptions despite diplomatic talks hinting at de-escalation. Brent crude is forecasted to average around $100 a barrel in November and December, supported by falling global inventories and tanker shortages. Meanwhile, US crude stocks increased, posing a short-term challenge for WTI prices. Natural gas prices also climbed to a four-week high due to cooler weather forecasts and record LNG exports, though output has slightly declined. Technical analysis suggests cautious trading with resistance levels holding for both oil and gas prices.

Natural gas and oil prices are the focus of this market snapshot. For readers following energy-sector stocks on Pluang, 40 out of 79 US energy stocks rose while 39 fell. Notable movers include KGS at USD 42.69 with a 1-day change of -4.43% and 85% sell order activity, DNN at USD 2.24 down 4.27% with 100% sell orders, and VIST at USD 55.32 down 4.19% with 100% buy orders. This data is as of Nov 11, 2026, 10:11 WIB.

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