Coverage dated November 3, 2026 to November 6, 2026
Oil Prices Fall as Investors Weigh U.S. Midterm Results, Iran Risks
Headline from Wall Street Journal
Oil prices extended losses Wednesday as investors weighed the Democrats’ sweep of Congress and the implications for Trump’s approach to Iran.
Wall Street Journal's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
Oil traders are pricing a U.S.-Iran settlement and discounting the threats around it. As of 9:40 a.m. ET on Wednesday, Brent had fallen $3.04, or 2.9%, to $100.60 per barrel, its third straight loss, and WTI had dropped $2.86, or 3%, to $93.23. Murban slipped $1.27 to $100.90.
Brent fell $8.94, or 8.6%, to $94.66 per barrel at 1:06 p.m. ET on Wednesday, after touching its lowest level since September 4, with traders pricing an end to the Iran war after the White House tied Tuesday’s midterm losses to the conflict. WTI dropped $8.01, or 8.3%, to $88.08.
Data: Financial Modeling Prep ; Chart: Ben Geman/Axios Oil prices fell sharply Wednesday as traders weigh signs — including a widely circulated post by Vice President JD Vance — that the midterm election will add pressure on the White House to find an offramp from the Iran conflict.
by Carl Fox at CDN - U.S. crude fell $7.97 a barrel and Brent dropped below $100 for the first time since early October as traders bet Democratic control of Congress will speed an exit from the war with Iran.
Crude oil prices moved even lower, and energy company stocks followed after the results of the U.S. midterms, as markets brace for a potentially radical change in U.S. policies. At the time of writing, Brent crude was trading at $94.
December WTI crude oil is headed for one of its roughest weekly losses in months after the market shed $11.37, or 11.10%, from its opening price of $102.39. Prices posted a weekly high at $102.75 before breaking sharply to $86.65. Early Friday, the contract was trading near $91.
Oil prices plunged 15% this week as hopes of a U.S.-Iran peace deal fueled bearish sentiment, despite continued attacks in the Strait of Hormuz. Friday, November 06, 2026 Oil prices are set to record one of the steepest weekly losses in recent memory, with ICE Brent sliding a hefty 15% week-on-week …
Oil Prices Fall as Investors Weigh U.S. Midterm Results, Iran Risks | Since Then
