# Oil prices fall as geopolitical tensions ease

> Global oil prices drop after Middle East tensions ease.
- Title: Oil prices fall as geopolitical tensions ease · Daily Times
- Summary: Global oil prices drop after Middle East tensions ease. Oil prices fell as geopolitical tensions eased, with Brent crude dropping $1.47 to $91.29 per barrel.
- Keywords: brent crude, oil prices, opec+ production, us oil inventories, geopolitical tensions, middle east, russia, ukraine, iran, Daily Times
- Source: Daily Times — https://dailytimes.com.pk/1580523/oil-prices-fall-as-geopolitical-tensions-ease
- Author: Attia Naveed
- Published: 2026-11-12T15:20:58+00:00
- Read time: 1 min
- Topics: brent crude, oil prices, opec+ production, us oil inventories, geopolitical tensions, middle east, russia, ukraine, iran, news
## Oil prices drop
Global oil prices dropped by more than $1 per barrel as geopolitical concerns eased.
## Brent crude falls
Brent crude futures declined $1.47, or 1.58%, to reach $91.29 per barrel.
## WTI crude drops
US West Texas Intermediate crude fell $1.24, or 1.43%, to $85.29.
## Market analysts
Analysts linked Thursday’s losses to expectations of diplomatic progress involving several countries.
## Russia-Ukraine prisoner swap
Russian and Ukrainian representatives agreed to a major prisoner exchange during peace talks in Abu Dhabi.
## Ukraine peace talks
Ukrainian President Volodymyr Zelenskiy said Kyiv wanted meaningful progress towards ending the conflict.
## Iran warns
Iranian security chief Mohsen Rezaei warned against further American military action.
## OPEC+ production
OPEC+ production increased during October despite continuing shipping disruptions.
## US inventories rise
American crude inventories increased by nine million barrels during the latest week.
## Key takeaway

Oil prices fell as geopolitical tensions eased, with Brent crude dropping $1.47 to $91.29 per barrel.