# NYMEX Overview: Oil Futures Rebound From Sharp Selloff as Traders Weigh Iran Diplomacy

> Brent and WTI futures rose on Thursday, recovering part of the previous session's losses of more than 8%. December ULSD rose about 11 cents to $4.3151 per gallon, and traders weighed renewed US-Iran diplomacy against recovering Middle East oil flows. Analysts described the move as a retracement and noted narrowing Brent prompt spreads.

- Date: 2026-11-05 · published 2026-11-05T21:07:13.297Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/82384-nymex-overview-oil-futures-rebound-from-sharp-selloff-as-traders-weigh-iran
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Oil and diesel price swings driven by Iran diplomacy shift input and freight costs for feed manufacturers. Recovering Middle East flows and easing near-term tightness limit the upside for now.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲
- DIESEL: bullish ▲

## Sources

- marketwatch.com: https://www.marketwatch.com/story/nymex-overview-oil-futures-rebound-from-sharp-selloff-as-traders-weigh-iran-diplomacy-opis-bee886e4

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