# Dollar falls below 990 at start of November as oil slumps and copper rises

> 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.

- Date: 2026-11-02 · published 2026-11-02T21:13:40.825Z
- Category: market · region Chile · magnitude low
- Page: https://feedsoft.ai/events/75970-dollar-falls-below-990-at-start-of-november-as-oil-slumps-and-copper-rises
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

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.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Sources

- emol.com: https://www.emol.com/noticias/Economia/2026/11/02/1215858/dolar-petroleo-cobre.html

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