Brent crude has risen 1.1% to $92.53 a barrel on Wednesday 11 November, up $1.04, according to FinanceFeeds at 06:36 GMT. CNBC reports that attacks on shipping in the Strait of Hormuz have offset hopes of a US-Iran truce.
Brent briefly dipped below $90 on Tuesday. It settled at $91.49, down 1.17%, which FinanceFeeds says was its lowest settlement since August. Those figures hold up. Against Monday's settlement of $92.57, a close of $91.49 is a fall of 1.17%, and Wednesday's $1.04 gain is 1.1%.
WTI, the US benchmark, rose 67 cents, or 0.8%, to $86.71, rallies.ai reports. The site cites market sources as saying American Petroleum Institute data showed US crude stocks rose by 9 million barrels in the week ended 6 November.
In a note on 10 November quoted by CNBC, LSEG analysts said higher oil flows, even after a deal, would depend on mine clearance, insurance costs and shipowners' willingness to take the risk.