WTI tumbles over 5% as US-Iran diplomacy eases supply fears: Nov 3, 2026
WTI tumbled over 5% as traders welcomed US-Iran diplomatic efforts that eased supply fears. Reports cited progress in talks to avert a flare-up, including a floated two-day Hormuz reopening, with attention also on OPEC+ quotas and Brent falling below $104.
Updated
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Headlines (10)
First seen on November 3
- WTI recovers to near $95.50 amid Iran peace talk hopesFXStreet
- US signals 'progress' in talks with Iran to avert renewed wargulfnews.com
- US signals progress in Iran talks to avert flare-upal-monitor.com
Carried over from earlier days
- WTI drops to near $101.00 amid OPEC+ quotas, Middle East diplomacyFXStreet
- Brent, WTI Futs Tumble As Trump May Give Diplomacy A Chance, Iran Floats Two-Day Hormuz ReopeningZeroHedge
- Oil prices plunge 6% as US-Iran diplomacy eases supply fearsaa.com.tr
- WTI tumbles over 5% as traders welcome US-Iran diplomatic effortsFXStreet
- Canadian Dollar gains stall as positive US-Iran headlines send Oil lowerFXStreet
- Brent crude price falls below $104 per barrel, first time since October 15TASS
- How soon gas prices could go down now that oil is tumblingMarketWatch
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Tuesday, November 3 | ||
| Factory Orders m/m | 1.2% | USD |
| JOLTS Job Openings | 7.15M | USD |
| RCM/TIPP Economic Optimism | 46.2 | USD |
| Omdia Total Vehicle Sales | 15.8M | USD |
| Congressional Elections | USD | |
| BOC Gov Macklem Speaks | CAD | |
| API Weekly Statistical Bulletin | USD | |
| Annual Budget Release | CAD | |