# Commodity Corner: Oil set for biggest weekly fall since April; gold eyes best week since August

> 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.

- Date: 2026-11-06 · published 2026-11-06T15:16:10.537Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/84226-commodity-corner-oil-set-for-biggest-weekly-fall-since-april-gold-eyes-best
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Lower perceived risk of prolonged conflict can ease expectations of energy supply disruption and pressure crude prices, though ongoing uncertainty may limit losses.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2020-10-29 | [Oil falls more than 3%, on track for worst week since April](https://feedsoft.ai/events/50799-oil-falls-more-than-3-on-track-for-worst-week-since-april.md) | +4.6% | +22.3% |
| WTI | 2020-02-28 | [Commodity weekly Gold shines as the clouds darken \| Saxo](https://feedsoft.ai/events/54506-commodity-weekly-gold-shines-as-the-clouds-darken-saxo.md) | -2.6% | -61.0% |
| WTI | 2023-04-21 | [Commodity Weekly: April losses led by grains and industrial metals \| Saxo](https://feedsoft.ai/events/10364-commodity-weekly-april-losses-led-by-grains-and-industrial-metals-saxo.md) | -3.2% | -7.0% |
| WTI | 2020-03-20 | [Commodity weekly \| Saxo](https://feedsoft.ai/events/7426-commodity-weekly-saxo.md) | -26.8% | -27.2% |
| WTI | 2021-08-31 | [Oil prices near biggest monthly loss since October before OPEC meets](https://feedsoft.ai/events/45722-oil-prices-near-biggest-monthly-loss-since-october-before-opec-meets.md) | -1.2% | +8.9% |
| BRENT | 2020-10-29 | [Oil falls more than 3%, on track for worst week since April](https://feedsoft.ai/events/50799-oil-falls-more-than-3-on-track-for-worst-week-since-april.md) | +5.1% | +24.6% |
| BRENT | 2020-02-28 | [Commodity weekly Gold shines as the clouds darken \| Saxo](https://feedsoft.ai/events/54506-commodity-weekly-gold-shines-as-the-clouds-darken-saxo.md) | -3.0% | -52.3% |
| BRENT | 2020-03-20 | [Commodity weekly \| Saxo](https://feedsoft.ai/events/7426-commodity-weekly-saxo.md) | -4.7% | -9.9% |

## Sources

- moneycontrol.com: https://www.moneycontrol.com/news/business/commodities/commodity-corner-oil-set-for-biggest-weekly-fall-since-april-gold-eyes-best-week-since-august-14071925.html

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