Loading…
Brent fell 0.5% to $104.43 and WTI dropped to $96.30 on Tuesday, extending losses after the prior session's sharp fall, even as reports emerged of a U.S. strike on Iran's Qeshm Island. Goldman Sachs updated its forecasts, pointing to possible price increases from ongoing geopolitical tensions.
Talks between Washington and Tehran continue with limited progress.
Peace-talk optimism is pulling crude lower, reducing energy and fertilizer cost pressure, while Goldman's upside call signals that the risk premium may return if talks stall.
economictimes.indiatimes.comVeer SharmaNov 3, 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.
