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Brent slipped below $105 on November 3 after headlines suggested momentum in US-Iran peace talks, though Tehran later dismissed the reports. The Dubai forward curve flattened and Gulf freight rates eased, while global crude on water rose to 1.3 billion barrels.
A flattening crude curve and falling freight suggest softer Middle East differentials and lower energy costs for feed production. Price direction depends on whether the US-Iran talks progress.
oilprice.comTom KoolNov 3, 2026Not 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.
