# Oil prices bounce back: Brent nears $100 after hitting a more than two-month low

> Brent climbed to $99.59 a barrel and WTI to $91.34 on November 6, recovering after both benchmarks fell more than 8% earlier in the week. The article links the sharp prior selloff to the US midterm results and notes continuing supply disruptions through the Strait of Hormuz.

- Date: 2026-11-06 · published 2026-11-06T03:07:57.048Z
- Category: geopolitics · region Middle East · magnitude low
- Page: https://feedsoft.ai/events/83224-oil-prices-bounce-back-brent-nears-100-after-hitting-a-more-than-two-month-low
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Expectations of a negotiated end to the Iran conflict had pushed crude lower, but ongoing Hormuz disruption risks can limit supply and support a rebound. The near-term price effect is mixed, with the article reporting gains amid unresolved supply concerns.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-07-31 | [Oil prices settle more than 1% higher, log strongest month since March \| Reuters](https://feedsoft.ai/events/18519-oil-prices-settle-more-than-1-higher-log-strongest-month-since-march-reuters.md) | -4.9% | -0.6% |
| BRENT | 2026-08-31 | [Brent nears $90 after US-Iran strikes: Why is crude oil price rising?](https://feedsoft.ai/events/18055-brent-nears-90-after-us-iran-strikes-why-is-crude-oil-price-rising.md) | +10.8% | +22.9% |
| BRENT | 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) | +10.8% | +22.9% |
| BRENT | 2026-04-02 | [Near-term oil prices hit record premium over later deliveries after Trump vows more attacks on Iran \| Reuters](https://feedsoft.ai/events/12725-near-term-oil-prices-hit-record-premium-over-later-deliveries-after-trump-vows.md) | -2.8% | +8.2% |
| BRENT | 2018-06-25 | [Take a look at the WTI and Brent crude oil prices after OPEC \| IG South Africa](https://feedsoft.ai/events/64676-take-a-look-at-the-wti-and-brent-crude-oil-prices-after-opec-ig-south-africa.md) | +5.1% | -2.8% |
| WTI | 2026-07-31 | [Oil prices settle more than 1% higher, log strongest month since March \| Reuters](https://feedsoft.ai/events/18519-oil-prices-settle-more-than-1-higher-log-strongest-month-since-march-reuters.md) | -7.4% | -0.3% |
| WTI | 2026-08-31 | [Brent nears $90 after US-Iran strikes: Why is crude oil price rising?](https://feedsoft.ai/events/18055-brent-nears-90-after-us-iran-strikes-why-is-crude-oil-price-rising.md) | +9.6% | +4.0% |
| 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% |

## Sources

- timesofindia.indiatimes.com: https://timesofindia.indiatimes.com/business/international-business/oil-prices-bounce-back-brent-nears-100-after-hitting-a-more-than-two-month-low/articleshow/135591008.cms

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