Global Oil Prices Fluctuate Amid Middle East Tensions and Strait of Hormuz Attacks
InfoQuest
Key summary
World crude oil prices moved in opposite directions today as investors monitored market conditions and escalating conflicts in the Middle East. West Texas Intermediate (WTI) futures for November delivery rose 1.64% to $96.65 per barrel, while Brent crude futures for December delivery fell 0.63% to $105.39 per barrel. A Singapore-registered vessel was attacked and sank in the Strait of Hormuz, raising fears that regional conflict could prolong. The International Energy Agency noted that diesel market tightness may continue into next year despite alternative shipping routes and emergency stock releases helping stabilize prices.
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Source report
InfoQuest
Read original ↗https://www.infoquest.co.th/2026/664595