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Oil Prices Rise at Open
Oil prices rose on Wednesday, November 11, 2026, after falling to a two-month low in the previous session, as the market weighed hopes for a de-escalation of the U.S.-Iran conflict against concerns about attacks on ships in the Strait of Hormuz. Brent crude gained 71 cents, or 0.78%, to $92.20 a barrel, while West Texas Intermediate rose 49 cents, or 0.57%, to $86.53. Data from the Washington Institute showed that 37 vessels came under attack in the strait and surrounding waterways during October, while U.S. crude inventories increased by 9 million barrels in the week ended November 6.
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