# Nymex Overview: Light Losses for Petroleum Futures Add to Week's Declines

> Crude and refined-product futures fell on Friday, extending steep weekly losses; WTI was down slightly while Brent and ULSD also declined. Traders cited hopes for renewed US-Iran negotiations and the US midterm election results as factors easing concerns about supply disruption.

- Date: 2026-11-06 · published 2026-11-06T18:13:05.733Z
- Category: geopolitics · region Global · magnitude low
- Page: https://feedsoft.ai/events/84464-nymex-overview-light-losses-for-petroleum-futures-add-to-week-s-declines
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

The prospect of a diplomatic settlement could restore Middle Eastern supply and reduce the geopolitical risk premium, weighing on crude and diesel prices.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼
- DIESEL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2025-06-24 | [NYMEX Overview : Petroleum Futures Continue to Sell Off Ahead of Midday -- OPIS](https://feedsoft.ai/events/8640-nymex-overview-petroleum-futures-continue-to-sell-off-ahead-of-midday-opis.md) | -4.6% | -1.6% |
| WTI | 2026-02-02 | [NYMEX Overview: Futures Move Lower as Geopolitical Tensions Cool -- OPIS](https://feedsoft.ai/events/5921-nymex-overview-futures-move-lower-as-geopolitical-tensions-cool-opis.md) | -1.6% | +9.9% |
| WTI | 2026-08-28 | [Nymex Overview: Oil Prices Easing, on Track to End Week Lower -- OPIS - MarketWatch](https://feedsoft.ai/events/18054-nymex-overview-oil-prices-easing-on-track-to-end-week-lower-opis-marketwatch.md) | +9.2% | +13.1% |
| WTI | 2026-04-01 | [Oil Declines as US, Israel Seek to Ease Concerns Over Iran War](https://feedsoft.ai/events/20329-oil-declines-as-us-israel-seek-to-ease-concerns-over-iran-war.md) | -6.6% | +6.7% |
| WTI | 2026-10-01 | [CPO Futures Extend Losses Amid Weaker Crude Oil Prices](https://feedsoft.ai/events/9799-cpo-futures-extend-losses-amid-weaker-crude-oil-prices.md) | -2.3% | +8.7% |
| BRENT | 2025-06-24 | [NYMEX Overview : Petroleum Futures Continue to Sell Off Ahead of Midday -- OPIS](https://feedsoft.ai/events/8640-nymex-overview-petroleum-futures-continue-to-sell-off-ahead-of-midday-opis.md) | -6.9% | -3.2% |
| BRENT | 2026-02-02 | [NYMEX Overview: Futures Move Lower as Geopolitical Tensions Cool -- OPIS](https://feedsoft.ai/events/5921-nymex-overview-futures-move-lower-as-geopolitical-tensions-cool-opis.md) | -3.1% | +0.6% |
| BRENT | 2026-08-28 | [Nymex Overview: Oil Prices Easing, on Track to End Week Lower -- OPIS - MarketWatch](https://feedsoft.ai/events/18054-nymex-overview-oil-prices-easing-on-track-to-end-week-lower-opis-marketwatch.md) | +8.9% | +26.2% |

## Sources

- marketwatch.com: https://www.marketwatch.com/story/nymex-overview-light-losses-for-petroleum-futures-add-to-week-s-declines-opis-9871f084

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