# Oil rebounds after plunging more than 8% the previous day… WTI up 2.7%, Brent up 3.9%

> Oil prices rebounded on November 5 after falling more than 8% in the previous session. WTI settled at $90.52 a barrel, up 2.72%, and Brent closed at $98.29, up 3.88%, as continuing tanker attacks and uncertainty about US-Iran negotiations revived concerns about supply disruptions.

- Date: 2026-11-05 · published 2026-11-06T00:07:58.214Z
- Category: geopolitics · region Middle East · magnitude medium
- Page: https://feedsoft.ai/events/82699-oil-rebounds-after-plunging-more-than-8-the-previous-day-wti-up-2-7-brent-up-3-9
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Tanker attacks and stalled negotiations raise the risk of disrupted oil flows, supporting crude prices through a renewed supply-risk premium. Higher oil can increase fuel and freight costs for feed buyers.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2024-10-31 | [Oil gains more than $2 after settlement on reports Iran preparing Israel attack](https://feedsoft.ai/events/28023-oil-gains-more-than-2-after-settlement-on-reports-iran-preparing-israel-attack.md) | +4.5% | +0.2% |
| WTI | 2019-06-21 | [Oil rises, bringing rally to more than 9% this week](https://feedsoft.ai/events/12315-oil-rises-bringing-rally-to-more-than-9-this-week.md) | +4.3% | -2.3% |
| WTI | 2025-11-14 | [Oil settles up more than 2% as Russian port suspends oil exports after Ukrainian attack \| Reuters](https://feedsoft.ai/events/22138-oil-settles-up-more-than-2-as-russian-port-suspends-oil-exports-after-ukrainian.md) | +0.8% | -2.9% |
| WTI | 2026-08-31 | [Oil prices settle up more than $4 a barrel on renewed US-Iran fighting \| Reuters](https://feedsoft.ai/events/17635-oil-prices-settle-up-more-than-4-a-barrel-on-renewed-us-iran-fighting-reuters.md) | +9.6% | +4.0% |
| WTI | 2026-04-02 | [US crude jumps more than 11%, Brent nearly 8% after Trump vows more attacks on Iran \| Reuters](https://feedsoft.ai/events/12724-us-crude-jumps-more-than-11-brent-nearly-8-after-trump-vows-more-attacks-on.md) | -2.2% | +6.1% |
| BRENT | 2024-10-31 | [Oil gains more than $2 after settlement on reports Iran preparing Israel attack](https://feedsoft.ai/events/28023-oil-gains-more-than-2-after-settlement-on-reports-iran-preparing-israel-attack.md) | +3.9% | +0.7% |
| BRENT | 2019-06-21 | [Oil rises, bringing rally to more than 9% this week](https://feedsoft.ai/events/12315-oil-rises-bringing-rally-to-more-than-9-this-week.md) | +2.7% | -5.6% |
| BRENT | 2025-11-14 | [Oil settles up more than 2% as Russian port suspends oil exports after Ukrainian attack \| Reuters](https://feedsoft.ai/events/22138-oil-settles-up-more-than-2-as-russian-port-suspends-oil-exports-after-ukrainian.md) | +1.5% | -1.6% |

## Sources

- yna.co.kr: https://www.yna.co.kr/view/AKR20261106008700072

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