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Oil was on track for its largest weekly decline since April, with prices down more than 12% as investors weighed prospects for an end to the Middle East war. WTI traded near $91 a barrel on Friday, rebounding from a sharp post-election selloff, while gold was set for its strongest week since August as the dollar and Treasury yields weakened.
Lower perceived risk of prolonged conflict can ease expectations of energy supply disruption and pressure crude prices, though ongoing uncertainty may limit losses.
moneycontrol.comRakesh PatilNov 6, 2026After 565 past bearish macro events, Crude Oil (WTI) moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% over 20.
After 312 past bearish macro events, Crude Oil (Brent) moved a median -1.7% over 5 sessions (38% higher; middle half -5.4% to +2.3%), and -1.7% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
