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Brent futures fell 0.67% to $102.90 and WTI fell 0.93% to $95.21 as traders monitored US midterm vote counting and Qatar-led mediation with Iran. Industry data showed US crude stocks fell unexpectedly by 5.27 million barrels last week.
Oil remains tied to Iran diplomacy, and the unexpected US crude draw offsets some peace-deal downside. Energy costs feed into fertiliser, freight and processing margins for feed buyers.
moneycontrol.comSarmeeli MallickNov 4, 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.
