Oil eases from six-month highs as Iran diplomacy calms supply fears: Oct 27, 2026
WTI has pulled back from six-month highs to trade near $100, as mediation efforts and Middle East talks eased immediate supply worries. The move comes as traders weigh lingering tensions, including Saudi attack risks and the threat of new U.S. strikes on Iran, against concerns about demand destruction.
Updated
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Headlines (10)
First seen on October 27
- WTI falls to near $100 as Middle East talks ease supply fearsFXStreet
- Oil Prices Drop Despite Threat of New U.S. Strikes on IranOilPrice.com
- WTI Oil picks up above $101.00 as tensions in the Middle East remain highFXStreet
Carried over from earlier days
- Hormuz management to never return to pre-war era: Araghchien.mehrnews.com
- Trump Calls Off Iran Strike But Will Oil Hold Above $100?BeInCrypto
- Wti Oil Rises Above $100 as Investors Cut RiskActionForex
- WTI Price Forecast: Slides further below $100.50; bullish potential seems intactFXStreet
- Oil slides over 2% as traders weigh Saudi attack risks, demand destructionCNBC
- Oil falls from 6-mth highs as Iran mediation efforts ease supply worriesHellenic Shipping News
- Oil eases on diplomacy hopes; European gas rises on winter supply concernsogj.com
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Tuesday, October 27 | ||
| ADP Weekly Employment Change | USD | |
| Durable Goods Orders m/m | 2.0% | USD |
| Core Durable Goods Orders m/m | 0.6% | USD |
| S&P/CS Composite-20 HPI y/y | 2.6% | USD |
| HPI m/m | 0.2% | USD |
| Richmond Manufacturing Index | 0 | USD |
| CB Consumer Confidence | 81.2 | USD |
| New Home Sales | 651K | USD |