# WTI Crude Settles at $90.83 After Weekly Drop of More Than 12%

> WTI settled at $90.83 per barrel on Friday after falling more than 12% over the week. Prices had declined amid hopes that US election results and diplomatic efforts could help resolve the conflict with Iran, then recovered somewhat as tensions persisted.

- Date: 2026-11-07 · published 2026-11-07T06:07:35.106Z
- Category: geopolitics · region Global · magnitude low
- Page: https://feedsoft.ai/events/85518-wti-crude-settles-at-90-83-after-weekly-drop-of-more-than-12
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Hopes of de-escalation can ease the geopolitical risk premium and weigh on crude, while stalled negotiations may limit further declines. Cheaper crude can lower energy-related costs across feed supply chains.

## Read by commodity

- WTI: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-03-25 | [Crude Prices Fall More Than 2%](https://feedsoft.ai/events/11450-crude-prices-fall-more-than-2.md) | +10.2% | +1.3% |
| WTI | 2026-04-10 | [Dollar set for weekly drop ahead of US-Iran peace talks](https://feedsoft.ai/events/11159-dollar-set-for-weekly-drop-ahead-of-us-iran-peace-talks.md) | -3.2% | -1.9% |
| WTI | 2026-05-29 | [Oil Settles at Six-Week Low \| Rigzone](https://feedsoft.ai/events/19428-oil-settles-at-six-week-low-rigzone.md) | +4.6% | -23.5% |
| WTI | 2026-03-23 | [Oil Prices Fall More Than 10% After Trump Postpones Iran Strikes](https://feedsoft.ai/events/11451-oil-prices-fall-more-than-10-after-trump-postpones-iran-strikes.md) | +2.2% | -8.1% |
| WTI | 2026-04-17 | [Oil settles down 9% after Iran declares Strait of Hormuz open \| Reuters](https://feedsoft.ai/events/8807-oil-settles-down-9-after-iran-declares-strait-of-hormuz-open-reuters.md) | +2.3% | +7.9% |

## Sources

- pan.parallax.kr: https://pan.parallax.kr/article/wti-crude-settles-90-83-weekly-drop-12-percent

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