# Crude oil prices fall on hopes of end to West Asia war after US midterms - The HinduBusinessLine

> Crude futures traded lower on Thursday morning, with January Brent near $93.89 and December WTI near $86.95. The decline followed the Democratic midterm victory, which raised hopes of ending the West Asia war. Reports said crude exports from the Persian Gulf are recovering, and EIA data showed US crude inventories falling.

- Date: 2026-11-05 · published 2026-11-05T06:06:53.154Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/81127-crude-oil-prices-fall-on-hopes-of-end-to-west-asia-war-after-us-midterms-the
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Recovering Gulf exports add supply, while falling US inventories support prices, so the net effect depends on whether talks progress. Falling crude costs would ease energy and transport costs for feed producers.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2018-07-11 | [Crude oil falls after US softens stance on Iranian sanction waivers - The HinduBusinessLine](https://feedsoft.ai/events/10097-crude-oil-falls-after-us-softens-stance-on-iranian-sanction-waivers-the.md) | -8.7% | -6.2% |
| BRENT | 2026-10-29 | [Crude oil futures fall as US seeks to revive Iran peace talks - The HinduBusinessLine](https://feedsoft.ai/events/255-crude-oil-futures-fall-as-us-seeks-to-revive-iran-peace-talks-the.md) | -5.4% | — |
| 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% |
| BRENT | 2025-09-19 | [Crude oil trades lower as Trump pledges support for post-war peace between Russia and Ukraine - The HinduBusinessLine](https://feedsoft.ai/events/22974-crude-oil-trades-lower-as-trump-pledges-support-for-post-war-peace-between.md) | +3.4% | -9.7% |
| BRENT | 2026-01-05 | [Crude oil futures decline as markets analyse US action in Venezuela - The HinduBusinessLine](https://feedsoft.ai/events/21176-crude-oil-futures-decline-as-markets-analyse-us-action-in-venezuela-the.md) | +4.7% | +16.5% |
| WTI | 2018-07-11 | [Crude oil falls after US softens stance on Iranian sanction waivers - The HinduBusinessLine](https://feedsoft.ai/events/10097-crude-oil-falls-after-us-softens-stance-on-iranian-sanction-waivers-the.md) | -8.2% | -6.7% |
| WTI | 2026-10-29 | [Crude oil futures fall as US seeks to revive Iran peace talks - The HinduBusinessLine](https://feedsoft.ai/events/255-crude-oil-futures-fall-as-us-seeks-to-revive-iran-peace-talks-the.md) | -2.3% | — |
| WTI | 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) | +17.8% | +1.5% |

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/markets/commodities/crude-oil-prices-fall-as-us-midterm-results-raise-hopes-of-end-to-west-asia-war/article71668597.ece

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