# Nymex Overview: Crude, Refined Futures Extend Losses Amid Easing Iran Concerns -- OPIS

> Crude and refined product futures fell on Wednesday as traders weighed the U.S. midterm results for Washington's Iran policy. January Brent traded near $99 and December WTI near $92, with December ULSD down about 24 cents. EIA data showed commercial crude stocks fell by 865,000 bbl, and distillate stocks dropped 3.6 million bbl to 99.3 million bbl.

- Date: 2026-11-04 · published 2026-11-04T21:07:29.307Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/80444-nymex-overview-crude-refined-futures-extend-losses-amid-easing-iran-concerns
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Lower crude and diesel prices ease fuel and freight costs for feed producers and reduce pressure on feed ingredient transport. The risk premium remains, so a renewed Iran escalation could reverse the decline quickly.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼
- DIESEL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-10-01 | [CPO Futures Extend Losses Amid Weaker Crude Oil Prices](https://feedsoft.ai/events/9799-cpo-futures-extend-losses-amid-weaker-crude-oil-prices.md) | +2.6% | +8.8% |
| BRENT | 2026-02-02 | [NYMEX Overview: Futures Move Lower as Geopolitical Tensions Cool -- OPIS](https://feedsoft.ai/events/5921-nymex-overview-futures-move-lower-as-geopolitical-tensions-cool-opis.md) | -3.1% | +0.6% |
| BRENT | 2025-06-24 | [NYMEX Overview : Petroleum Futures Continue to Sell Off Ahead of Midday -- OPIS](https://feedsoft.ai/events/8640-nymex-overview-petroleum-futures-continue-to-sell-off-ahead-of-midday-opis.md) | -6.9% | -3.2% |
| BRENT | 2026-08-28 | [Nymex Overview: Oil Prices Easing, on Track to End Week Lower -- OPIS - MarketWatch](https://feedsoft.ai/events/18054-nymex-overview-oil-prices-easing-on-track-to-end-week-lower-opis-marketwatch.md) | +8.9% | +26.2% |
| BRENT | 2026-03-27 | [Crude oil futures decline as US extends Iran peace deal deadline - The HinduBusinessLine](https://feedsoft.ai/events/20283-crude-oil-futures-decline-as-us-extends-iran-peace-deal-deadline-the.md) | +6.6% | -1.9% |
| WTI | 2026-10-01 | [CPO Futures Extend Losses Amid Weaker Crude Oil Prices](https://feedsoft.ai/events/9799-cpo-futures-extend-losses-amid-weaker-crude-oil-prices.md) | -2.3% | +8.7% |
| WTI | 2026-02-02 | [NYMEX Overview: Futures Move Lower as Geopolitical Tensions Cool -- OPIS](https://feedsoft.ai/events/5921-nymex-overview-futures-move-lower-as-geopolitical-tensions-cool-opis.md) | -1.6% | +9.9% |
| WTI | 2025-06-24 | [NYMEX Overview : Petroleum Futures Continue to Sell Off Ahead of Midday -- OPIS](https://feedsoft.ai/events/8640-nymex-overview-petroleum-futures-continue-to-sell-off-ahead-of-midday-opis.md) | -4.6% | -1.6% |

## Sources

- marketwatch.com: https://www.marketwatch.com/story/nymex-overview-crude-refined-futures-extend-losses-amid-easing-iran-concerns-opis-50c8d0b5

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