# Crude Oil Prices Today: Brent rises after 13% weekly fall, Trades near $99/barrel - What is driving recovery?

> Brent traded near $99 a barrel on Friday, up about 1.3% on the day but down roughly 11% over the week; US crude also rose on the day while remaining lower for the week. Optimism about a possible end to the US-Iran conflict pressured prices, while uncertainty over negotiations and Strait of Hormuz shipping risks supported a recovery.

- Date: 2026-11-06 · published 2026-11-06T06:08:16.033Z
- Category: geopolitics · region Middle East · magnitude low
- Page: https://feedsoft.ai/events/83381-crude-oil-prices-today-brent-rises-after-13-weekly-fall-trades-near-99-barrel
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Lower perceived risk of conflict easing would reduce the risk premium in crude, while continued threats to shipping could constrain supply and cushion prices. The weekly move points lower, although supply concerns are limiting the decline.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-05-06 | [Brent Crude Price: Oil and gas plunge after report US and Iran near deal to end war](https://feedsoft.ai/events/9582-brent-crude-price-oil-and-gas-plunge-after-report-us-and-iran-near-deal-to-end.md) | -2.3% | -11.1% |
| BRENT | 2024-04-18 | [Crude oil prices today: WTI falls below $83 as war fear eases](https://feedsoft.ai/events/30929-crude-oil-prices-today-wti-falls-below-83-as-war-fear-eases.md) | +0.1% | -8.0% |
| BRENT | 2026-03-10 | [Oil and gas prices fall after Trump says war is 'very complete' - BBC News](https://feedsoft.ai/events/9387-oil-and-gas-prices-fall-after-trump-says-war-is-very-complete-bbc-news.md) | +4.1% | +27.2% |
| BRENT | 2026-10-29 | [Crude oil slips below $102, Brent near $114: Will oil prices cool or rise further? World Bank explains](https://feedsoft.ai/events/258-crude-oil-slips-below-102-brent-near-114-will-oil-prices-cool-or-rise-further.md) | -5.4% | — |
| BRENT | 2026-04-08 | [Brent crude oil prices drop amid Iran war ceasefire \| Trucking Dive](https://feedsoft.ai/events/10141-brent-crude-oil-prices-drop-amid-iran-war-ceasefire-trucking-dive.md) | -13.7% | -8.7% |
| WTI | 2026-05-06 | [Brent Crude Price: Oil and gas plunge after report US and Iran near deal to end war](https://feedsoft.ai/events/9582-brent-crude-price-oil-and-gas-plunge-after-report-us-and-iran-near-deal-to-end.md) | +0.0% | -5.8% |
| WTI | 2024-04-18 | [Crude oil prices today: WTI falls below $83 as war fear eases](https://feedsoft.ai/events/30929-crude-oil-prices-today-wti-falls-below-83-as-war-fear-eases.md) | +0.5% | -4.3% |
| WTI | 2026-03-10 | [Oil and gas prices fall after Trump says war is 'very complete' - BBC News](https://feedsoft.ai/events/9387-oil-and-gas-prices-fall-after-trump-says-war-is-very-complete-bbc-news.md) | -1.3% | +20.4% |

## Sources

- zeebiz.com: https://www.zeebiz.com/market-news/news-crude-oil-prices-today-brent-rises-after-13-weekly-fall-trades-near-99-barrel-what-is-driving-recovery-405201

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