# WTI Crude Oil Price Forecast: Can Oil Hold $100 After OPEC+ Decision and Ahead of US Midterms?

> WTI fell about 3.3% to near $100.69 on November 2 as US-Iran diplomatic hopes reduced supply fears. Brent dropped 3.2% to about $109.75. The article looks ahead to the US midterm elections on November 3 and the $100 technical level.

- Date: 2026-11-02 · published 2026-11-03T00:15:13.198Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/76500-wti-crude-oil-price-forecast-can-oil-hold-100-after-opec-decision-and-ahead-of
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Lower prices reflect a smaller risk premium on Gulf supply rather than any new barrels. Traders now watch the $100 support level and any renewed escalation.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Sources

- mitrade.com: https://www.mitrade.com/au/insights/commodity/oil/wti-crude-oil-price-forecast

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