# Oil prices fall by more than 3% on global markets

> Brent crude futures for January delivery fell 3.14% to $109.87 a barrel on the ICE, and WTI for December fell 3.33% to $100.65 on NYMEX. The move was reported in early trading on Monday, November 2, 2026. The page also listed news on Netanyahu pressing Trump to strike Iran after the midterms.

- Date: 2026-11-02 · published 2026-11-02T06:07:55.536Z
- Category: geopolitics · region Middle East · magnitude medium
- Page: https://feedsoft.ai/events/74904-oil-prices-fall-by-more-than-3-on-global-markets
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

The price drop reflects easing near-term supply fears, which lowers energy input costs for feed. Pressure for a strike after the midterms could quickly reverse the decline.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-03-25 | [Crude Prices Fall More Than 2%](https://feedsoft.ai/events/11450-crude-prices-fall-more-than-2.md) | +15.0% | +1.0% |
| BRENT | 2024-04-17 | [Oil prices fall more than 3% as traders discount Iran-Israel war risk](https://feedsoft.ai/events/30931-oil-prices-fall-more-than-3-as-traders-discount-iran-israel-war-risk.md) | -2.5% | -9.9% |
| BRENT | 2026-03-23 | [Oil Prices Fall More Than 10% After Trump Postpones Iran Strikes](https://feedsoft.ai/events/11451-oil-prices-fall-more-than-10-after-trump-postpones-iran-strikes.md) | +1.5% | -13.8% |
| BRENT | 2020-07-31 | [OPEC+ plans to pump more crude into a precarious global oil market](https://feedsoft.ai/events/52006-opec-plans-to-pump-more-crude-into-a-precarious-global-oil-market.md) | +4.9% | +4.7% |
| BRENT | 2025-06-30 | [Oil prices fall on easing Middle East risks](https://feedsoft.ai/events/24130-oil-prices-fall-on-easing-middle-east-risks.md) | +1.6% | +0.4% |
| WTI | 2026-03-25 | [Crude Prices Fall More Than 2%](https://feedsoft.ai/events/11450-crude-prices-fall-more-than-2.md) | +10.2% | +1.3% |
| WTI | 2024-04-17 | [Oil prices fall more than 3% as traders discount Iran-Israel war risk](https://feedsoft.ai/events/30931-oil-prices-fall-more-than-3-as-traders-discount-iran-israel-war-risk.md) | -2.3% | -7.9% |
| WTI | 2026-03-23 | [Oil Prices Fall More Than 10% After Trump Postpones Iran Strikes](https://feedsoft.ai/events/11451-oil-prices-fall-more-than-10-after-trump-postpones-iran-strikes.md) | +2.2% | -8.1% |

## Sources

- en.apa.az: https://en.apa.az/energy-and-industry/oil-prices-fall-by-more-than-3-on-global-markets-533473

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.