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Oil prices fall as US eases Iran strike threats and OPEC boosts output, but Middle East risks linger.

Market News
10 Nov 2026, 05:55 WIB
FXEmpire
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Bearish
Oil prices fall as US eases Iran strike threats and OPEC boosts output, but Middle East risks linger.

Oil prices declined after US President Trump delayed new strikes on Iran, easing fears of Middle East supply disruptions. OPEC's increased production, led by Saudi Arabia, Kuwait, and Iraq, also contributed to the price drop. WTI crude is consolidating near $86, with key support at $80 and resistance at $93, while Brent crude trades around $94.50, facing pressure below $95 with potential to fall to $80. However, ongoing risks from US blockades and regional tensions could trigger price rebounds.

Oil price movements are the subject, with Pluang's Energy sector data providing context. As of Nov 10, 2026 11:21 WIB, 50 of 79 Energy-sector US stocks rose while 29 fell. Notable performers include LEU at USD 115.41 with a 10.33% gain and a typical hold time of 37 days, LBRT up 8.03% at USD 12.92, and SEI rising 7.37% to USD 62.03 with a 7-day hold time.

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