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Friday, November 13, 2026

Oil gains as Trump dampens hopes for U.S.-Iran deal; market ignores bearish U.S. inventory data

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Data analyzing in commodities energy market: the charts and quotes on display. US WTI crude oil price analysis. Stunning price drop for the last 20 years.

SlavkoSereda/iStock via Getty Images

Crude oil futures gave up early losses and closed higher after President Trump said the U.S. does not a peace deal with Iran, blunting the market's recent enthusiasm about the chances for a negotiated solution to the conflict.

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