# WTI Crude oil sees sharp correction as $90 per barrel mark gives up| Capital Market News

> WTI futures extended their selloff toward $86 a barrel in Asian trade after falling nearly 9% in the previous session. Oil has now dropped more than 15% in November, reversing October's 15% rally. The decline followed the Democrats' midterm victory, which raised expectations of a negotiated end to the Iran war.

- Date: 2026-11-05 · published 2026-11-05T12:07:17.002Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/81604-wti-crude-oil-sees-sharp-correction-as-90-per-barrel-mark-gives-up-capital
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Lower crude weakens the cost pressure on fuel, freight and fertiliser that feeds into feed prices. The move depends on the Iran diplomacy outcome, so a failed negotiation could reverse it.

## Read by commodity

- WTI: bearish ▼

## Sources

- capitalmarket.com: https://www.capitalmarket.com/markets/news/live-news/wti-crude-oil-sees-sharp-correction-as-$90-per-barrel-mark-gives-up/1745192

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