# Oil Prices Today, November 5 Brent crude oil Below $95 After 16 Percent Crash This Week

> Brent fell below $95 and is down about 16% for the week after the Democratic midterm sweep raised hopes of a US-Iran de-escalation. Brent traded near $94.50 and WTI near $88. Vance attributed the Republican losses to the war with Iran.

- Date: 2026-11-05 · published 2026-11-05T03:07:45.713Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/80990-oil-prices-today-november-5-brent-crude-oil-below-95-after-16-percent-crash
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A weekly drop of this size lowers crude costs that feed into diesel, fertilizer and freight, but the price is still high relative to pre-war levels. Renewed escalation could reverse the move.

## 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 | [Oil price today: WTI, Brent](https://feedsoft.ai/events/1436-oil-price-today-wti-brent.md) | -5.4% | — |
| BRENT | 2024-09-03 | [Crude oil prices today: WTI erases all 2024 gains](https://feedsoft.ai/events/12385-crude-oil-prices-today-wti-erases-all-2024-gains.md) | -7.9% | -8.0% |
| BRENT | 2026-05-06 | [Brent Crude Price: Oil and gas plunge after report US and Iran near deal to end war](https://feedsoft.ai/events/9582-brent-crude-price-oil-and-gas-plunge-after-report-us-and-iran-near-deal-to-end.md) | -2.3% | -11.1% |
| BRENT | 2024-09-06 | [Crude oil prices today: WTI lowest since June 2023](https://feedsoft.ai/events/12387-crude-oil-prices-today-wti-lowest-since-june-2023.md) | -0.9% | +5.5% |
| 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 | [Oil price today: WTI, Brent](https://feedsoft.ai/events/1436-oil-price-today-wti-brent.md) | -2.3% | — |
| WTI | 2024-09-03 | [Crude oil prices today: WTI erases all 2024 gains](https://feedsoft.ai/events/12385-crude-oil-prices-today-wti-erases-all-2024-gains.md) | -6.6% | -7.6% |

## Sources

- ndtvprofit.com: https://www.ndtvprofit.com/markets/oil-prices-today-november-5-brent-crude-oil-below-95-after-16-percent-crash-this-week-wti-iran-war-premium-unwinding-commodity-prices-12285014

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