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Brent fell $3.20 to about $100.40 and WTI to about $93.08 on Wednesday as traders awaited Washington's next move in the Iran war. Trump acknowledged the war contributed to Republican losses in the midterms.
Qatar stepped up mediation efforts.
Expectations that Washington may de-escalate lower the crude risk premium, easing energy costs for feed production and supporting lower biofuel-linked demand for vegetable oils.
channelnewsasia.comNov 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.
