Oil Prices Ease to Settle Near 4-Week Low on Hopes Peace Talks Will End Wars
6 Articles
6 Articles
Oil prices fell when they closed yesterday Tuesday, to record their lowest levels in four weeks, with markets balancing hopes for agreements to end the wars in Ukraine and Iran, and fears of further disruptions in supply from the recent attacks in both wars.
Qatar localities: oil prices fall to the lowest level in four weeks
At the close of trading on November 3rd, Brent crude oil prices fell $1.17, or 1%, to $103.60 per barrel, the lowest level since October 7th. Oil prices in Asia rose due to concerns about escalating tensions in the Middle East. Oil prices plummeted more than 7% as the US and Iran left the door open for negotiations. The cooling of crude oil prices provided impetus for a recovery in the gold market.
Global oil prices weakened by around 1 percent in trading on Tuesday (3/11/2026), touching their lowest level in almost four weeks.
Expectations for progress in peace talks.
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