Brent falls toward $93 as traders bet on US-Iran deal: Nov 6, 2026
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
This day is still open. Its readings are published once it closes. The live reading is on the Brent page.
Headlines (9)
First seen on November 6
Carried over from earlier days
- Brent Falls to $100 as Traders Bet on a U.S.-Iran DealOilPrice.com
- Crude slides toward $93, WTI drops to $87 as Trump rules out immediate Iran strikesgulfnews.com
- Brent Oil’s $70–120 Iran War Range: What the Collapse Toward $95 Is Telling MarketsActionForex
- US stock markets volatile after Democrats’ sweeping midterm victoryaa.com.tr
- Oil prices tumble on peace hopes, but fuel supply risks remainhome.saxo
- The Commodities Feed: Oil plunges following US midterm electionsHellenic Shipping News
- Brent On Track For Worst Week Since COVID, But UBS Warns Bears: "Fundamentals Still Provide A Floor"ZeroHedge
- Brent crude rebounds above $97 as energy prices recover some lossesaa.com.tr
Scheduled events
As of
| 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 | |