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Oil prices dip as Russia-Ukraine energy ceasefire and Iran-Saudi talks ease tensions amid Middle East risks.

Market News
11 Oct 2026
CNBC
View Source
Neutral
Oil prices dip as Russia-Ukraine energy ceasefire and Iran-Saudi talks ease tensions amid Middle East risks.

Oil prices fell after President Trump announced a ceasefire on targeting energy facilities between Russia and Ukraine, easing supply concerns. Iran also offered to help initiate dialogue between Saudi Arabia and Yemen's Houthis following recent attacks, which had raised regional tensions. Despite this, prices remain volatile due to ongoing Middle East conflicts and the impact of Hurricane Isaias on U.S. energy production. Market watchers expect continued fluctuations as geopolitical and weather risks persist.

Oil price movements and related geopolitical developments are shown here with Pluang's Energy sector data as of Oct 12, 2026 09:11 WIB. Of 62 priced Energy-sector US stocks tradable on Pluang, 49 rose and 13 fell today. Notable performers include Noble Corporation plc (NE) at USD 42.36 with a 1-day change of +3.39%, Equinor ASA (EQNR) at USD 43.01 with +3.36%, and Permian Resources Corporation Class A Common Stock (PR) at USD 22.89 with +3.25%.

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