# Brent Flash Crashes $6 Before Rebounding Towards $104

> Brent fell from $107.24 to $100.80 on November 4, 2026 before recovering to about $104, following conflicting reports about US-Iran peace negotiations. The drop came after a 7.6% decline the previous day, and reports of a draft agreement and nuclear concessions were disputed by an Iranian official.

- Date: 2026-11-04 · published 2026-11-04T15:07:53.810Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/79891-brent-flash-crashes-6-before-rebounding-towards-104
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Headline-driven volatility in crude raises fuel and freight costs for feed buyers and feeds into biofuel and fertilizer input prices. A confirmed deal would likely push crude lower, while a collapse of talks would revive the supply premium.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-03-23 | [Brent Below $100 on Oil, Fuel Swing; US Cites Iran Talks](https://feedsoft.ai/events/8540-brent-below-100-on-oil-fuel-swing-us-cites-iran-talks.md) | +1.5% | -13.8% |
| BRENT | 2020-03-10 | [Biodiesel blending not attractive thanks to oil crash](https://feedsoft.ai/events/54015-biodiesel-blending-not-attractive-thanks-to-oil-crash.md) | -16.8% | -21.6% |
| BRENT | 2026-04-08 | [Brent crude oil prices drop amid Iran war ceasefire \| Trucking Dive](https://feedsoft.ai/events/10141-brent-crude-oil-prices-drop-amid-iran-war-ceasefire-trucking-dive.md) | -13.7% | -8.7% |
| BRENT | 2020-03-18 | [Brent crude futures hit 16-year low below $27.00/b \| S&P Global](https://feedsoft.ai/events/7661-brent-crude-futures-hit-16-year-low-below-27-00-b-s-and-p-global.md) | -9.0% | -17.4% |
| BRENT | 2026-06-25 | [Brent oil erases wartime gains as Hormuz reopening boosts supply - The Japan Times](https://feedsoft.ai/events/18992-brent-oil-erases-wartime-gains-as-hormuz-reopening-boosts-supply-the-japan-times.md) | -3.4% | +29.1% |
| WTI | 2026-03-23 | [Brent Below $100 on Oil, Fuel Swing; US Cites Iran Talks](https://feedsoft.ai/events/8540-brent-below-100-on-oil-fuel-swing-us-cites-iran-talks.md) | +2.2% | -8.1% |
| WTI | 2020-03-10 | [Biodiesel blending not attractive thanks to oil crash](https://feedsoft.ai/events/54015-biodiesel-blending-not-attractive-thanks-to-oil-crash.md) | -7.1% | -15.8% |
| WTI | 2026-04-08 | [Brent crude oil prices drop amid Iran war ceasefire \| Trucking Dive](https://feedsoft.ai/events/10141-brent-crude-oil-prices-drop-amid-iran-war-ceasefire-trucking-dive.md) | -18.9% | -8.3% |

## Sources

- investing.com: https://www.investing.com/analysis/brent-flash-crashes-6-before-rebounding-towards-104-200690821

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