# WTI Price Forecast: Extends correction below $100

> WTI futures fell about 2.25% to near $99.80 during European trade on Monday, extending a correction from a five-month high above $104 posted on Friday. US Secretary of State Rubio said Trump prefers a diplomatic resolution but kept military options open. Iran said talks with Qatari mediators on reopening the Strait of Hormuz were continuing.

- Date: 2026-11-02 · published 2026-11-02T09:08:37.914Z
- Category: geopolitics · region Middle East · magnitude medium
- Page: https://feedsoft.ai/events/75228-wti-price-forecast-extends-correction-below-100
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Reduced fears of renewed US strikes ease the supply-risk premium on crude, pointing to lower energy costs. Rubio's comments that military options remain keep the downside limited.

## Read by commodity

- WTI: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-04-08 | [Oil: Prices slump below $100 on ceasefire – ING](https://feedsoft.ai/events/6904-oil-prices-slump-below-100-on-ceasefire-ing.md) | -18.9% | -8.3% |
| WTI | 2024-04-18 | [Crude oil prices today: WTI falls below $83 as war fear eases](https://feedsoft.ai/events/30929-crude-oil-prices-today-wti-falls-below-83-as-war-fear-eases.md) | +0.5% | -4.3% |
| WTI | 2026-10-29 | [Oil price today: WTI, Brent](https://feedsoft.ai/events/1436-oil-price-today-wti-brent.md) | -2.3% | — |
| WTI | 2026-10-01 | [CPO Futures Extend Losses Amid Weaker Crude Oil Prices](https://feedsoft.ai/events/9799-cpo-futures-extend-losses-amid-weaker-crude-oil-prices.md) | -2.3% | +8.7% |
| WTI | 2026-10-29 | [Crude oil slips below $102, Brent near $114: Will oil prices cool or rise further? World Bank explains](https://feedsoft.ai/events/258-crude-oil-slips-below-102-brent-near-114-will-oil-prices-cool-or-rise-further.md) | -2.3% | — |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/wti-price-forecast-extends-correction-below-100-202611020638

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