# Brent ends at $98.32 and WTI at $90.83 as Friday rebound masks oil rout

> January Brent settled at $98.32 a barrel on November 6, up 3 cents, while WTI closed at $90.83, up 31 cents. The modest rebound followed steep declines driven by changing expectations around US-Iran tensions and Middle Eastern crude supply; the reported $7.49 difference compares contracts with different delivery months.

- Date: 2026-11-07 · published 2026-11-08T12:07:59.596Z
- Category: geopolitics · region Global · magnitude low
- Page: https://feedsoft.ai/events/87395-brent-ends-at-98-32-and-wti-at-90-83-as-friday-rebound-masks-oil-rout
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

The geopolitical risk premium has receded amid hopes of easing tensions, weighing on crude, though uncertainty over regional supply may limit further declines.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-10-29 | [Oil price today: WTI, Brent](https://feedsoft.ai/events/1436-oil-price-today-wti-brent.md) | -5.4% | — |
| BRENT | 2024-04-18 | [Crude oil prices today: WTI falls below $83 as war fear eases](https://feedsoft.ai/events/30929-crude-oil-prices-today-wti-falls-below-83-as-war-fear-eases.md) | +0.1% | -8.0% |
| BRENT | 2026-05-05 | [Oil Prices Tumble Over 3% as Risk Sentiment Shifts and Demand Concerns Weigh on WTI and Brent](https://feedsoft.ai/events/9585-oil-prices-tumble-over-3-as-risk-sentiment-shifts-and-demand-concerns-weigh-on.md) | -9.6% | -16.4% |
| BRENT | 2026-05-06 | [Brent Crude Price: Oil and gas plunge after report US and Iran near deal to end war](https://feedsoft.ai/events/9582-brent-crude-price-oil-and-gas-plunge-after-report-us-and-iran-near-deal-to-end.md) | -2.3% | -11.1% |
| BRENT | 2019-06-24 | [U.S. oil ends higher, but Brent falls as Trump administration announces additional Iran sanctions - MarketWatch](https://feedsoft.ai/events/58755-u-s-oil-ends-higher-but-brent-falls-as-trump-administration-announces.md) | +2.2% | -5.9% |
| WTI | 2026-10-29 | [Oil price today: WTI, Brent](https://feedsoft.ai/events/1436-oil-price-today-wti-brent.md) | -2.3% | — |
| WTI | 2024-04-18 | [Crude oil prices today: WTI falls below $83 as war fear eases](https://feedsoft.ai/events/30929-crude-oil-prices-today-wti-falls-below-83-as-war-fear-eases.md) | +0.5% | -4.3% |
| WTI | 2026-05-05 | [Oil Prices Tumble Over 3% as Risk Sentiment Shifts and Demand Concerns Weigh on WTI and Brent](https://feedsoft.ai/events/9585-oil-prices-tumble-over-3-as-risk-sentiment-shifts-and-demand-concerns-weigh-on.md) | -7.6% | -11.4% |

## Sources

- fxnews.ai: https://fxnews.ai/news/brent-ends-at-98-32-and-wti-at-90-83-as-friday-rebound-masks-oil-rout-9/

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