# Brent and WTI Post Steep Weekly Losses, Close Below US$100

> Brent settled at US$98.32 and WTI at US$90.83 after weekly declines of about 17% and 13%, respectively. Hopes for reduced US-Iran tensions and increased global crude supply weighed on prices, while risks to shipments through the Strait of Hormuz remained.

- Date: 2026-11-08 · published 2026-11-08T06:07:37.606Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/87017-brent-and-wti-post-steep-weekly-losses-close-below-us-100
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Expectations of easing geopolitical risk and more available crude reduce the perceived risk of supply disruption, pressuring oil prices; continued Hormuz danger could limit further declines.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2020-03-13 | [Crude posts biggest weekly losses since 2008, hit by coronavirus and Saudi price war](https://feedsoft.ai/events/4423-crude-posts-biggest-weekly-losses-since-2008-hit-by-coronavirus-and-saudi-price.md) | -18.6% | -21.4% |
| BRENT | 2026-03-23 | [Brent Below $100 on Oil, Fuel Swing; US Cites Iran Talks](https://feedsoft.ai/events/8540-brent-below-100-on-oil-fuel-swing-us-cites-iran-talks.md) | +1.5% | -13.8% |
| BRENT | 2026-05-29 | [Oil prices log steepest weekly loss since April on potential US-Iran peace deal \| The National](https://feedsoft.ai/events/12723-oil-prices-log-steepest-weekly-loss-since-april-on-potential-us-iran-peace-deal.md) | +2.5% | -21.2% |
| BRENT | 2026-04-10 | [Oil ends lower ahead of U.S.-Iran ceasefire talks, posts steepest weekly loss since 2022 \| Reuters](https://feedsoft.ai/events/6898-oil-ends-lower-ahead-of-u-s-iran-ceasefire-talks-posts-steepest-weekly-loss.md) | +0.8% | -5.5% |
| BRENT | 2020-03-18 | [Brent crude futures hit 16-year low below $27.00/b \| S&P Global](https://feedsoft.ai/events/7661-brent-crude-futures-hit-16-year-low-below-27-00-b-s-and-p-global.md) | -9.0% | -17.4% |
| WTI | 2020-03-13 | [Crude posts biggest weekly losses since 2008, hit by coronavirus and Saudi price war](https://feedsoft.ai/events/4423-crude-posts-biggest-weekly-losses-since-2008-hit-by-coronavirus-and-saudi-price.md) | -20.3% | -27.5% |
| WTI | 2026-03-23 | [Brent Below $100 on Oil, Fuel Swing; US Cites Iran Talks](https://feedsoft.ai/events/8540-brent-below-100-on-oil-fuel-swing-us-cites-iran-talks.md) | +2.2% | -8.1% |
| WTI | 2026-05-29 | [Oil prices log steepest weekly loss since April on potential US-Iran peace deal \| The National](https://feedsoft.ai/events/12723-oil-prices-log-steepest-weekly-loss-since-april-on-potential-us-iran-peace-deal.md) | +4.6% | -23.5% |

## Sources

- apunterd.com: https://apunterd.com/noticias/224088-petroleo-brent-y-wti-registran-fuertes-perdidas-semanales-y-cierran-por-debajo-de-us100

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