# Rupiah Strengthens as World Oil Prices Fall Sharply

> The rupiah opened 7 points stronger at 18,149 per US dollar on 3 November. Brent fell below $105 per barrel for the first time since early October, down nearly 8%, on hopes for US-Iran peace talks. WTI also dropped about 7% to around $96.50.

- Date: 2026-11-03 · published 2026-11-03T06:10:08.577Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/77100-rupiah-strengthens-as-world-oil-prices-fall-sharply
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Lower crude prices ease fuel and energy cost pressure on feed and livestock producers and reduce import costs in Indonesia. A sustained oil decline would also support the rupiah against the dollar.

## Read by commodity

- BRENT: bearish ▼
- USDIDR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2018-02-02 | [Oil prices fall as US stock market slumps and dollar strengthens](https://feedsoft.ai/events/66659-oil-prices-fall-as-us-stock-market-slumps-and-dollar-strengthens.md) | -6.3% | -5.6% |
| BRENT | 2020-02-27 | [Rupee strengthens against USD amid easing crude oil prices](https://feedsoft.ai/events/54861-rupee-strengthens-against-usd-amid-easing-crude-oil-prices.md) | -5.0% | -51.1% |
| BRENT | 2026-05-29 | [BRL Strengthens Slightly on Strong GDP and Easing Oil Prices](https://feedsoft.ai/events/19461-brl-strengthens-slightly-on-strong-gdp-and-easing-oil-prices.md) | +2.5% | -21.2% |
| BRENT | 2022-07-01 | [Oil prices fall due to recession worries](https://feedsoft.ai/events/40409-oil-prices-fall-due-to-recession-worries.md) | -7.1% | -7.6% |
| BRENT | 2020-04-28 | [Sharp selloff in oil as world runs out of storage space](https://feedsoft.ai/events/4147-sharp-selloff-in-oil-as-world-runs-out-of-storage-space.md) | +35.3% | +101.2% |

## Sources

- antaranews.com: https://www.antaranews.com/berita/5828063/rupiah-menguat-seiring-penurunan-harga-minyak-dunia-yang-cukup-besar

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