Oil Price Today (November 5): Crude oil falls below $94 after 9% plunge on Wednesday after midterm results. More downside ahead?

After 250 past bearish geopolitics events, Crude Oil (Brent) moved a median -3.1% over 5 sessions (36% higher; middle half -7.9% to +1.6%), and -5.5% over 20.

• Apr 18, 2024Crude oil prices today: WTI falls below $83 as war fear eases+0.1%
• May 6, 2026Brent Crude Price: Oil and gas plunge after report US and Iran near deal to end war-2.3%
• Jul 1, 2026U.S. crude oil falls below $70, resuming losses after attack on cargo ship near Oman+1.8%
• Apr 1, 2020Oil Plunges Most Since 1991 After Producers Embark on Price War+44.4%
• May 1, 2024Oil falls more than $1/bbl on Middle East peace talks, US rate cut doubts-5.8%

After 255 past bearish geopolitics events, Crude Oil (WTI) moved a median -2.4% over 5 sessions (31% higher; middle half -7.0% to +1.7%), and -5.0% over 20.

• Apr 18, 2024Crude oil prices today: WTI falls below $83 as war fear eases+0.5%
• May 6, 2026Brent Crude Price: Oil and gas plunge after report US and Iran near deal to end war+0.0%
• Jul 1, 2026U.S. crude oil falls below $70, resuming losses after attack on cargo ship near Oman+1.4%
• Apr 1, 2020Oil Plunges Most Since 1991 After Producers Embark on Price War+15.0%
• May 1, 2024Oil falls more than $1/bbl on Middle East peace talks, US rate cut doubts-4.3%