WTI plunges 9% on hopes for end to Iran war: Nov 6, 2026
WTI plunged 9% as US election results raised hopes for an end to the Iran war, with traders betting on a US-Iran deal that sent Brent to $100 and put oil on track for a 12% weekly loss despite fresh tanker attacks. WTI later settled at $90.52, up 2.72%, after dropping to $87 as Trump ruled out immediate Iran strikes, with focus on key support at the 200-day moving average near $86.00.
Updated
This day is still open. Its readings are published once it closes. The live reading is on the WTI 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
- Bitcoin Reclaims $80,000 as Oil Price Drops SharplyBeInCrypto
- WTI plunges 9% as US election results raise hopes of an end to Iran warFXStreet
- The market is making a big bet on ending the Iran warInvestingLive
- Financial & Forex Market Recap: Nov. 4, 2026babypips.com
- Crude slides toward $93, WTI drops to $87 as Trump rules out immediate Iran strikesgulfnews.com
- WTI Price Forecast: Clinging to a key support at the 200-day SMA near $86.00FXStreet
- WTI crude oil settles at $90.52, up 2.72% as buyers defend key supportInvestingLive
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 | |