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Oil prices fell on Monday, November 9, 2026, with Brent crude down 6.26% to $92.17 a barrel and West Texas Intermediate down 5.01% to $86.17. The decline came as concerns about further U.S. strikes on Iran eased, hopes grew for progress in negotiations and improved supply, and worries persisted about a supply glut and weak demand. JPMorgan estimated the global surplus at about 1.4 million barrels per day in October, up from 1.1 million in September, while Brent lost around 16% over the previous week.
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