Brent FuturesFutures refers to standardized derivative contracts to buy or sell an underlying asset at a specified future time under exchange-defined terms. The term belongs in Level 7 becau...Read More fell $8.98, or 8.7%, to settle at $94.62 a barrel on 4 November 2026, while WTI declined $7.97, or 8.3%, to $88.12. Both benchmarks closed at their lowest level since 31 August, according to Reuters. Investors weighed whether Democratic control of Congress would increase pressure on President Donald Trump to negotiate an end to the US-Israeli war with Iran. The sell-off is a MarketA place—physical or digital—where buyers and sellers meet and agree on a price. Lix’s simple rule: no buyers and sellers, no market.Read More reaction to changing expectations, not ConfirmationEvidence that supports an idea after price reaches an area of interest, such as a close, structure break, or strong rejection. It reduces guessing but can mean a later entry.Read More of a peace agreement.
Global oil prices plunged on 4 November 2026, with Brent crude falling 8.7% to settle at $94.62 per barrel and WTI dropping 8.3% to $88.12, their lowest closing levels since 31 August. The sharp sell-off reflected growing expectations that Democratic control of Congress could increase pressure on President Donald Trump to pursue negotiations aimed at ending the US-Israeli conflict with Iran. However, the decline reflects shifting geopolitical expectations rather than a confirmed peace agreement.
