Commodity Corner | Brent and WTI Decline as Markets Assess Iran Peace Prospects - 02.11.2026
Aetram Global Research - Commodity Corner
Aetram Global Research - Commodity Corner
Commodity Corner | Brent and WTI Decline as Markets Assess Iran Peace Prospects - 02.11.2026
- Oil prices fell more than 1% on Monday as Iranian and Qatari officials continued talks to end the US-Israeli war on Iran.
- Discussions entered a third consecutive day, supporting hopes for a peace agreement.
Price Movements:
- Brent crude futures declined $1.59, or 1.40%, to $111.84 per barrel.
- US WTI crude fell $1.56, or 1.50%, to $102.56 per barrel.
- Brent ended October at a six-month high amid concerns over renewed conflict escalation after Tuesday’s US midterm elections.
%20Outlook.jpg)
%20Outlook.jpg)
.jpg)
%20Outlook.jpg)