WTI crude is heading for a steep weekly loss as Democratic election victories fuel hopes of easing tensions with Iran and recovering Gulf oil supplies…
2 sources · 3 articles · updated 2026-11-06 12:30 UTC · general
OilPrice.com ·
WTI crude is heading for a steep weekly loss as Democratic election victories fuel hopes of easing tensions with Iran and recovering Gulf oil supplies outweigh bullish U.S. inventory data.
Semafor ·
US President Donald Trump spoke with the emir of Qatar, which has sought to mediate a truce, but Washington and Tehran have also traded heated rhetoric.
OilPrice.com ·
Oil fell more than 4% Monday as a draft proposal to end the US-Iran war circulated after Iranian negotiators left Qatar. Brent dropped to $108.61.