# Crude oil prices hit one-month low; Brent crude oil falls below $102 per barrel

> Brent crude traded near $102 per barrel on Wednesday after touching an intraday low of $101.6, extending losses for a third session. WTI fell below $95, and crude has dropped about 10% this week from a six-month high. Democrats' control of both chambers of Congress has raised doubts about further U.S. military action against Iran.

- Date: 2026-11-04 · published 2026-11-04T21:07:29.395Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/80445-crude-oil-prices-hit-one-month-low-brent-crude-oil-falls-below-102-per-barrel
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Easing Middle East supply fears lower energy input costs for feed production and transport. Prices could rebound if the Iran situation worsens, so buyers should expect continued volatility.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2024-04-18 | [Crude oil prices today: WTI falls below $83 as war fear eases](https://feedsoft.ai/events/30929-crude-oil-prices-today-wti-falls-below-83-as-war-fear-eases.md) | +0.1% | -8.0% |
| BRENT | 2026-10-29 | [Crude oil slips below $102, Brent near $114: Will oil prices cool or rise further? World Bank explains](https://feedsoft.ai/events/258-crude-oil-slips-below-102-brent-near-114-will-oil-prices-cool-or-rise-further.md) | -5.4% | — |
| 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 | 2026-03-25 | [Crude Prices Fall More Than 2%](https://feedsoft.ai/events/11450-crude-prices-fall-more-than-2.md) | +15.0% | +1.0% |
| BRENT | 2026-04-08 | [Oil: Prices slump below $100 on ceasefire – ING](https://feedsoft.ai/events/6904-oil-prices-slump-below-100-on-ceasefire-ing.md) | -13.7% | -8.7% |
| WTI | 2024-04-18 | [Crude oil prices today: WTI falls below $83 as war fear eases](https://feedsoft.ai/events/30929-crude-oil-prices-today-wti-falls-below-83-as-war-fear-eases.md) | +0.5% | -4.3% |
| WTI | 2026-10-29 | [Crude oil slips below $102, Brent near $114: Will oil prices cool or rise further? World Bank explains](https://feedsoft.ai/events/258-crude-oil-slips-below-102-brent-near-114-will-oil-prices-cool-or-rise-further.md) | -2.3% | — |
| WTI | 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) | -18.5% | -26.1% |

## Sources

- upstox.com: https://upstox.com/news/market-news/commodities/crude-oil-prices-hit-one-month-low-brent-crude-oil-falls-below-102-per-barrel/article-202993/

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