# Brent crude slips below $103, WTI near $95 as investors track US midterm election results, Middle East peace talks

> 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.

- Date: 2026-11-04 · published 2026-11-04T06:07:40.710Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/79177-brent-crude-slips-below-103-wti-near-95-as-investors-track-us-midterm-election
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

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.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Sources

- moneycontrol.com: https://www.moneycontrol.com/news/business/markets/brent-crude-slips-below-103-wti-near-95-as-investors-track-us-midterm-election-results-middle-east-peace-talks-14068719.html

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