Fluctuations in the oil market. "Geopolitical premium" remains high

Oil prices showed slight increases, with West Texas Intermediate at $87.09 and Brent at $93.28 per barrel. Saudi Arabia reported a 26% rise in oil production in October, reaching high monthly levels. Despite increased oil flow from the Middle East, transport remains reliant on temporary solutions, posing risks of disruptions. Analysts noted a relative calm in US-Iran tensions, but no progress in resolving the Middle Eastern conflict. Iran's refusal to remove enriched nuclear material complicates negotiations, leading to a geopolitical premium in oil prices despite improved supply from the Persian Gulf.