# Oil down over USD7 a barrel in post-settlement trade

> Brent settled down 5.85% at $92.57 a barrel on Monday and fell more than $7 in post-settlement trading; WTI also extended losses. Prices dropped after President Donald Trump downplayed the likelihood of renewed strikes on Iran while talks progressed, although shipping incidents near the Strait of Hormuz continued.

- Date: 2026-11-09 · published 2026-11-10T00:08:37.592Z
- Category: geopolitics · region Middle East · magnitude medium
- Page: https://feedsoft.ai/events/90324-oil-down-over-usd7-a-barrel-in-post-settlement-trade
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Lower expectations of military escalation reduce crude’s risk premium, while continued shipping incidents preserve some supply uncertainty. The crude decline may ease fuel and freight costs for feed buyers.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2025-06-23 | [Oil settles down 7% after Iran attacks US military base in Qatar, not tankers](https://feedsoft.ai/events/9615-oil-settles-down-7-after-iran-attacks-us-military-base-in-qatar-not-tankers.md) | -12.2% | -9.7% |
| WTI | 2026-02-01 | [Oil settles down over 4% on US-Iran de-escalation, easing supply worries \| Reuters](https://feedsoft.ai/events/8794-oil-settles-down-over-4-on-us-iran-de-escalation-easing-supply-worries-reuters.md) | -1.6% | +9.9% |
| WTI | 2026-04-14 | [Oil Down 3% as New US-Iran Talks Seen](https://feedsoft.ai/events/10136-oil-down-3-as-new-us-iran-talks-seen.md) | -9.6% | +0.2% |
| WTI | 2022-03-10 | [Oil settles down again; Russia to fulfil supply contracts](https://feedsoft.ai/events/5781-oil-settles-down-again-russia-to-fulfil-supply-contracts.md) | -12.7% | -11.4% |
| WTI | 2025-11-21 | [Oil prices settle down at lowest in a month as US seeks Russia-Ukraine peace deal \| MarketScreener](https://feedsoft.ai/events/22119-oil-prices-settle-down-at-lowest-in-a-month-as-us-seeks-russia-ukraine-peace.md) | -2.0% | -5.0% |
| BRENT | 2025-06-23 | [Oil settles down 7% after Iran attacks US military base in Qatar, not tankers](https://feedsoft.ai/events/9615-oil-settles-down-7-after-iran-attacks-us-military-base-in-qatar-not-tankers.md) | -11.9% | -9.9% |
| BRENT | 2026-02-01 | [Oil settles down over 4% on US-Iran de-escalation, easing supply worries \| Reuters](https://feedsoft.ai/events/8794-oil-settles-down-over-4-on-us-iran-de-escalation-easing-supply-worries-reuters.md) | -3.1% | +0.6% |
| BRENT | 2026-04-14 | [Oil Down 3% as New US-Iran Talks Seen](https://feedsoft.ai/events/10136-oil-down-3-as-new-us-iran-talks-seen.md) | -10.2% | -5.0% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40448204
- brecorder.com: https://www.brecorder.com/news/40448204/oil-down-over-usd7-a-barrel-in-post-settlement-trade

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