# Oil Prices Rise but Stay Below $100 as Traders Weigh Iran Diplomacy, Supply Outlook -- Update | MarketScreener Hong Kong

> Front-month Brent rose 1.3% to $95.85 and WTI gained 0.3% to $87.36 in European trading after the previous day's plunge of more than 8%. The Brent prompt spread narrowed below $2.50 from over $5 in mid-October, signalling that immediate supply concerns have eased.

- Date: 2026-11-05 · published 2026-11-05T12:07:16.919Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/81603-oil-prices-rise-but-stay-below-100-as-traders-weigh-iran-diplomacy-supply
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A narrowing Brent spread points to easing near-term physical tightness, which tends to cap energy-linked input costs for feed. Diplomatic prospects keep the outlook two-sided, and a resumption of hostilities could quickly reverse the decline.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Sources

- hk.marketscreener.com: https://hk.marketscreener.com/news/oil-prices-rise-but-stay-below-100-as-traders-weigh-iran-diplomacy-supply-outlook-update-ce785fdcdc88f523

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