# Commentary: Oil price little changed since Oslo Stock Exchange close

> Oil prices rose slightly on Tuesday morning after a more than 7% fall on Monday, and were roughly unchanged from the Oslo close. US forces reportedly struck Qeshm Island as part of a multi-week campaign of smaller attacks, while both sides signalled willingness to keep talking.

- Date: 2026-11-03 · published 2026-11-03T12:07:30.832Z
- Category: geopolitics · region Middle East · magnitude medium
- Page: https://feedsoft.ai/events/77517-commentary-oil-price-little-changed-since-oslo-stock-exchange-close
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

The strikes added some risk premium back to crude, but without physical supply disruption the gains are likely to be limited. Feed buyers should watch for any damage to shipping or energy infrastructure that would sustain higher freight and diesel costs.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2019-05-19 | [Why Oil Is Still Underpriced \| OilPrice.com](https://feedsoft.ai/events/7397-why-oil-is-still-underpriced-oilprice-com.md) | -6.5% | -15.5% |
| BRENT | 2026-04-29 | [In five charts: How UAE's exit could affect Opec's influence over the oil price](https://feedsoft.ai/events/19884-in-five-charts-how-uae-s-exit-could-affect-opec-s-influence-over-the-oil-price.md) | -1.9% | -16.4% |
| BRENT | 2023-01-30 | [Putin, MBS Discuss Oil Strategy Ahead Of OPEC+ Meeting \| OilPrice.com](https://feedsoft.ai/events/37949-putin-mbs-discuss-oil-strategy-ahead-of-opec-meeting-oilprice-com.md) | -7.7% | -3.8% |
| BRENT | 2022-08-24 | [Oil ends higher on U.S. response to Iran nuclear deal comments](https://feedsoft.ai/events/40194-oil-ends-higher-on-u-s-response-to-iran-nuclear-deal-comments.md) | -0.5% | -9.7% |
| BRENT | 2025-06-23 | [Update: oil prices fall back after short-lived surge in early trading - FreightWaves](https://feedsoft.ai/events/8645-update-oil-prices-fall-back-after-short-lived-surge-in-early-trading.md) | -11.9% | -9.9% |
| WTI | 2019-05-19 | [Why Oil Is Still Underpriced \| OilPrice.com](https://feedsoft.ai/events/7397-why-oil-is-still-underpriced-oilprice-com.md) | -6.8% | -16.4% |
| WTI | 2026-04-29 | [In five charts: How UAE's exit could affect Opec's influence over the oil price](https://feedsoft.ai/events/19884-in-five-charts-how-uae-s-exit-could-affect-opec-s-influence-over-the-oil-price.md) | +2.2% | -10.9% |
| WTI | 2023-01-30 | [Putin, MBS Discuss Oil Strategy Ahead Of OPEC+ Meeting \| OilPrice.com](https://feedsoft.ai/events/37949-putin-mbs-discuss-oil-strategy-ahead-of-opec-meeting-oilprice-com.md) | -7.9% | -5.2% |

## Sources

- finansavisen.no: https://www.finansavisen.no/tdn/2026/11/03/06612192/kommentar-oljeprisen-lite-endret-siden-stengetid-pa-oslo-bors

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