Brent Crude Oil news & analysis
Brent crude is the leading global benchmark for oil prices, quoted in US dollars per barrel.
The reading
The news
No clear impulse
Priced in
Overshot
What follows
Nothing worth acting on
Reading as of . Research context, not investment advice. It never tells you what to trade.
How a reading is madeWhy is Brent up or down today?
Brent has dropped toward the $93 to $100 range as traders bet on a U.S.-Iran deal after Trump ruled out immediate strikes on Iran. The decline has put oil on track for a weekly loss of around 12%, described as its worst week since COVID, despite fresh tanker attacks and remaining fuel supply risks. Brent later rebounded above $97 to recover some losses, with UBS noted as saying fundamentals still provide a floor.
Updated
Latest news
Friday, November 6
Thursday, November 5
- Brent crude rebounds above $97 as energy prices recover some lossesaa.com.tr
- Brent On Track For Worst Week Since COVID, But UBS Warns Bears: "Fundamentals Still Provide A Floor"ZeroHedge
- The Commodities Feed: Oil plunges following US midterm electionsHellenic Shipping News
- Oil prices tumble on peace hopes, but fuel supply risks remainhome.saxo
- Brent Oil’s $70–120 Iran War Range: What the Collapse Toward $95 Is Telling MarketsActionForex
- Crude slides toward $93, WTI drops to $87 as Trump rules out immediate Iran strikesgulfnews.com
Wednesday, November 4
Upcoming economic events
| Event | Forecast | Currency |
|---|---|---|
| Friday, November 6 | ||
| FOMC Member Logan Speaks | USD | |
| FOMC Member Williams Speaks | USD | |
| Unemployment Rate | 4.2% | USD |
| Employment Change | 14.6K | CAD |
| Non-Farm Employment Change | 65K | USD |
| Unemployment Rate | 6.5% | CAD |
| Average Hourly Earnings m/m | 0.3% | USD |
| FOMC Member Musalem Speaks | USD | |
Day by day
105 days on record since July 22, 2026. Each column is one day: the bar is its headlines, the mark is the reading at its close.
Recent days
- Thu, Nov 5Bullish16 headlines. Brent has fallen toward the $93-$100 range as traders priced in hopes for a U.S.-Iran deal after Trump ruled out immediate strikes on Iran, with further pressure linked to the U.S. midterm elections.
- Wed, Nov 4Neutral17 headlines. Brent crude dropped sharply, with headlines reporting a 9% decline to around $100 and a $6 intraday drop before a rebound toward $104.
- Tue, Nov 3Neutral14 headlines. Brent crude slipped below $104 per barrel and later below $101, including a $6 flash crash before rebounding toward $104.
- Mon, Nov 2Neutral19 headlines. Brent crude fell below $104 per barrel for the first time since October 15, with oil prices down around 6% as US-Iran diplomatic efforts eased supply fears.
- Sun, Nov 1Neutral20 headlines. Brent hit $117 as a tanker caught fire in the Strait of Hormuz, with Iran's Revolutionary Guard saying a supertanker hit a mine and other reports saying two to three tankers exploded after hitting mines.
Frequently asked questions
- What is Brent crude?
- Brent is the leading global benchmark for crude-oil pricing, based on oil from the North Sea and quoted in US dollars per barrel.
- What moves Brent crude prices?
- Brent is driven mainly by global supply and demand, OPEC+ production decisions, geopolitical risk in producing regions, inventory data, and the US dollar.
- What is the difference between Brent and WTI?
- Brent is the international benchmark (North Sea oil); WTI is the main US benchmark. The two usually trade at a small price spread reflecting quality and transport differences.
Not investment advice. For informational purposes only.