# Oil prices rebound as Brent climbs 0.8 percent to $104.42 after sharp drop in U.S. crude inventories

> Brent rose 0.8% to $104.42 and WTI gained 0.5% to $96.59 after US crude stocks unexpectedly fell 5.27 million barrels. Democrats won control of both chambers of Congress in the November 3 midterms, adding uncertainty to US policy on Iran.

- Date: 2026-11-04 · published 2026-11-04T06:07:40.791Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/79178-oil-prices-rebound-as-brent-climbs-0-8-percent-to-104-42-after-sharp-drop-in-u
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

The inventory draw supports prices while the market weighs a possible shift in US Iran policy. Higher crude keeps diesel and freight costs elevated for feed supply chains.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Sources

- economymiddleeast.com: https://economymiddleeast.com/news/oil-prices-rebound-as-brent-climbs-0-8-percent-to-104-42-after-sharp-drop-in-u-s-crude-inventories/

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