WTI near $101 as OPEC+ holds quotas amid diplomacy: Nov 2, 2026
WTI traded near $101.00 and below $100 as an OPEC+ subgroup kept December production quotas unchanged. The moves come amid Middle East diplomacy, with reports of tankers hit in the Strait of Hormuz and comments from Trump favouring diplomacy with Iran and saying the conflict would end soon.
Updated
This day is still open. Its readings are published once it closes. The live reading is on the WTI page.
The day on the wire
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Each tick is a headline first seen that day.
Headlines (11)
First seen on November 2
- Iran war live: Tankers hit in Hormuz; Trump again says conflict to end soonAl Jazeera
- WTI drops to near $101.00 amid OPEC+ quotas, Middle East diplomacyFXStreet
- Oil falls as Trump favours Iran diplomacy before midterm electionsInvesting.com
- Goldman lifts December Brent forecast to $105 on Middle East and Russia supply risksInvestingLive
- Two offending oil tankers catch fire after hitting mine in unauthorized Hormuz route: Iranen.irna.ir
- WTI Price Forecast: Extends correction below $100FXStreet
Carried over from earlier days
- Middle East War: Saudi intercepts drone, Iran claims 3 tankers hit mines in Hormuzgulfnews.com
- Big Oil Scores $56B Windfall on Spiking Fuel Pricesrigzone.com
- Brent Hits $117 as Tanker Catches Fire in Strait of HormuzOilPrice.com
- OPEC+ subgroup keeps oil production quotas unchanged for Decemberworldoil.com
- Iran’s IRGC Navy says two tankers ‘exploded’ after hitting mines in Hormuztimesofisrael.com
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Monday, November 2 | ||
| RatingDog Manufacturing PMI | 52.0 | CNY |
| Manufacturing PMI | CAD | |
| Final Manufacturing PMI | 56.0 | USD |
| ISM Manufacturing PMI | 54.5 | USD |
| Construction Spending m/m | 0.4% | USD |
| ISM Manufacturing Prices | 77.2 | USD |
| FOMC Member Goolsbee Speaks | USD | |
| Loan Officer Survey | USD | |