# Crude Oil Prices Plunge 9% Amid US-Iran Peace Hopes; Brent Falls Below $94, WTI at $87

> Brent fell 8.7% to $94.62 on Wednesday, while WTI declined to about $87 after breaching $100 earlier in the period. The selloff followed optimism that the midterm result would increase pressure on Trump to negotiate with Iran. Brent was trading at $93.70 and WTI at $87.04 at the time of reporting.

- Date: 2026-11-05 · published 2026-11-05T06:06:53.499Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/81131-crude-oil-prices-plunge-9-amid-us-iran-peace-hopes-brent-falls-below-94-wti-at
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Lower oil prices ease import bills and inflation pressure for crude importers such as India, which may support demand for feed and livestock products. The price direction depends on whether the Iran talks move forward.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Sources

- fortuneindia.com: https://www.fortuneindia.com/markets/crude-oil-prices-crash-9-below-94-on-us-iran-peace-hopes-wti-slides-to-87/168876

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