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Brent crude futures fell 5.3% to $93 a barrel on Monday, November 9, 2026, while U.S. crude dropped 4% to about $87, as concerns about supply disruptions eased. Comments by U.S. President Donald Trump, who said he saw no reason to escalate the war on Iran for now, helped calm those concerns. The decline coincided with an increase of 930,000 barrels per day in OPEC’s October output, bringing it to 22.8 million barrels per day.
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