Brent Slips to $93.65 After an Over-8% Wednesday Drop, Lowest Since August 31
Sahmino Newsroom | 5 November 2026 | 8 days ago
Reuters, as relayed by IRNA early on Thursday, November 5, 2026 (14 Aban 1405), reported that Brent crude fell 97 cents, or 1.03%, to $93.65 a barrel and US West Texas Intermediate lost $1.14, or 1.29%, to $86.98. Both benchmarks had dropped more than 8% in Wednesday's session, November 4, to their lowest since August 31.
Citing two sources close to government circles in the Persian Gulf states, Reuters wrote that after the Republican defeat in the midterm elections and the formation of a Democrat-controlled Congress, Donald Trump has more incentive to reach a deal and a full-scale attack on Iran now looks less likely. That assessment comes from two unnamed sources and is not an official decision or a guarantee about the course of negotiations.
Further reports: Sahmino
Sahmino context
What the prices have done since this story was published, and what Sahmino wrote around it
Sahmino's reading
In Sahmino's data Brent settled Wednesday, November 4 at $95.16, 8.8% below Tuesday's close of $104.38. At 07:58 on Thursday it was about $93.76 (an intraday reading), roughly 19.6% below the October 23 close of $116.67.
Since this story was published, Brent Crude fell 2.2 percent, to 96.24 dollars.
Over the same days, Gold ounce fell 5.4 percent, to 3,885 dollars.
- Brent Crude
- −2.2%
- Gold ounce
- −5.4%
Prices to the close of 12 November
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