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The Chilean peso strengthened early in November, with the dollar trading at about 986 pesos. WTI fell to about US$98.5 per barrel and Brent dropped more than 4% to about US$108.6 as Iran held talks with Qatari mediators.
Copper rose, and the US dollar index eased.
Lower oil on hopes of US-Iran diplomacy eases the energy bill for importers and reduces crude-linked cost pressure on feed and transport. The move reflects geopolitical risk premium unwinding rather than a change in physical supply.
emol.comEl Mercurio S.A.P.Nov 2, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
