WTI CRUDE OIL PLUNGES 9%: WHAT IS HAPPENING IN THE GLOBAL MARKET? 🛢️

Oil recorded one of its sharpest drops in recent months this Wednesday, November 4, 2026. WTI, the U.S. oil benchmark, fell approximately 8.9%, trading near US$87.70 per barrel. Brent also dropped approximately 9.3%.

But what triggered this move?

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