# Crude prices slide as investors brace for a big week

> Brent and WTI crude fell more than 4% in early trade on Monday as negotiators renewed diplomatic efforts with Iran, with a draft proposal circulating after talks in Doha. US Secretary of State Marco Rubio said Washington would prefer a diplomatic resolution. Goldman Sachs raised its December oil price forecast to $105 for Brent and $94 for WTI, citing high disruption risk.

- Date: 2026-11-02 · published 2026-11-02T21:26:08.777Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/76188-crude-prices-slide-as-investors-brace-for-a-big-week
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Lower crude prices ease diesel and energy costs for feed mills and farmers, but Goldman's forecast points to continued supply risk that could limit the decline. Direction will depend on whether the Iran talks produce a concrete deal.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Sources

- cnbc.com: https://www.cnbc.com/2026/11/02/crude-prices-crater-investors-brace-for-big-week.html

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