Loading…
Brent fell 40 cents, or 0.41%, to $103.21 a barrel and WTI dropped 67 cents to $95.42. Prices followed the prior session's drop to a nearly four-week low as traders assessed diplomatic efforts to end the wars in Ukraine and Iran.
Crude is trading lower on diplomacy expectations, which eases energy and fertiliser cost pressure on feed production. The move is small and remains tied to headlines about the peace process.
economictimes.indiatimes.comNov 4, 2026After 250 past bearish geopolitics events, Crude Oil (Brent) moved a median -3.1% over 5 sessions (36% higher; middle half -7.9% to +1.6%), and -5.5% over 20.
After 255 past bearish geopolitics events, Crude Oil (WTI) moved a median -2.4% over 5 sessions (31% higher; middle half -7.0% to +1.7%), and -5.0% over 20.
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.
