Oil Price Today (November 2): Crude oil falls to $111 as Iran-Qatar talks continue to end war. What are experts saying?

After 250 past bearish geopolitics events, Crude Oil (Brent) moved a median -3.1% over 5 sessions (36% higher; middle half -7.9% to +1.6%), and -5.5% over 20.

• Apr 18, 2024Crude oil prices today: WTI falls below $83 as war fear eases+0.1%
• Feb 2, 2026Oil prices fall nearly 5%, below $62/bbl on US‑Iran de‑escalation - The Economic Times-3.1%
• Jun 24, 2025Oil prices are falling so much it’s now cheaper than it was before the Iran-Israel conflict | CNN Business-6.9%
• Mar 24, 2026Oil prices drop 2% as Iran considers US proposal to end war | Reuters+15.1%
• Oct 29, 2026Crude oil futures fall as US seeks to revive Iran peace talks - The HinduBusinessLine-5.4%

After 255 past bearish geopolitics events, Crude Oil (WTI) moved a median -2.4% over 5 sessions (31% higher; middle half -7.0% to +1.7%), and -5.0% over 20.

• Apr 18, 2024Crude oil prices today: WTI falls below $83 as war fear eases+0.5%
• Feb 2, 2026Oil prices fall nearly 5%, below $62/bbl on US‑Iran de‑escalation - The Economic Times-1.6%
• Jun 24, 2025Oil prices are falling so much it’s now cheaper than it was before the Iran-Israel conflict | CNN Business-4.6%
• Mar 24, 2026Oil prices drop 2% as Iran considers US proposal to end war | Reuters+17.0%
• Oct 29, 2026Crude oil futures fall as US seeks to revive Iran peace talks - The HinduBusinessLine-2.3%