Global oil prices rebounded on Wednesday, November 11, 2026, recovering some of the previous session’s losses as investors reassessed developments in the Middle East.
Brent crude futures rose 0.52% to $91.97 per barrel, while US benchmark West Texas Intermediate (WTI) gained 0.24% to $86.25 per barrel.
The recovery follows Tuesday’s sharp sell-off, which pushed Brent below $90 for the first time since August amid renewed hopes of de-escalation between the United States and Iran.
Despite the rebound, oil prices remain well below their late-October highs above $117 per barrel for Brent, as expectations of a diplomatic breakthrough continue to ease concerns about prolonged disruptions to Middle Eastern energy supplies.
