WTI tumbles over 5% on US-Iran diplomacy hopes: Nov 4, 2026
WTI tumbled over 5% as traders welcomed US-Iran diplomatic efforts and reports of progress in talks to avert a flare-up, including a floated two-day reopening around Hormuz. The moves came alongside reports from Iran's IRGC of tankers hitting mines near the Strait of Hormuz, while a later report put WTI near $95.50 amid hopes for peace talks.
Updated
This day is still open. Its readings are published once it closes. The live reading is on the WTI page.
Headlines (11)
First seen on November 4
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
- WTI tumbles over 5% as traders welcome US-Iran diplomatic effortsFXStreet
- 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
- WTI recovers to near $95.50 amid Iran peace talk hopesFXStreet
- US signals progress in Iran talks to avert flare-upal-monitor.com
- 3 rankers exploded after hitting naval mines in Hormuz: IRGCen.mehrnews.com
- Californians vote on ballot initiative to impose one-time tax on billionairesfrance24.com
- Oil prices extend losses as hopes grow for US-Iran dealaa.com.tr
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Wednesday, November 4 | ||
| RatingDog Services PMI | 51.7 | CNY |
| ADP Non-Farm Employment Change | 67K | USD |
| Trade Balance | 4.8B | CAD |
| Trade Balance | -107.9B | USD |
| Final Services PMI | 57.9 | USD |
| ISM Services PMI | 54.8 | USD |
| Crude Oil Inventories | -1.7M | USD |
| Thursday, November 5 | ||
| Challenger Job Cuts y/y | USD | |