#OilPlungesBelow$100
🛢️ Petrol Falling Below $100 📉
Why did it fall?
⚔️ US-Iran War began on February 28 → 🚢 Traffic through the Strait of Hormuz paralyzed → Brent climbed to $118
🕊️ November 2: Iranian President Pezeshkian → "We have been authorized to hold peace talks" → oil fell 7%
🗳️ November 3: Democrats won both chambers of Congress
💬 November 4: JD Vance on X: "Everyone knows we lost the war" → Brent fell 8.7% to $94.62, WTI fell 8.3% to $88.12 (the steepest drop since April)
What is the market saying?
📊 Weekly loss: ~14%
🏛️ Chuck Schumer (new Senate leader): "We will end the war"
🇺🇸 Trump: "Iran wants to make a deal, maybe"
⚠️ Bob McNally: "There is an 80% chance military operations will resume" → not quite peace yet
Visual summary:
$118 ┤ 📈 October 28 (peak) │ ╲ $110 ┤ ╲ │ ╲ 🕊️ November 2: hope for peace $100 ┤─────╲────── ⬇️ │ ╲ 🗳️ November 3: Democratic victory $94 ┤ ╲ 💬 November 4: Vance post │ ╲ $88 ┤ 📉 WTI close └────────────────── Oct 28 Nov 2 Nov 3 Nov 4 Nov 5 Nov 6
🔑 In short: The war premium is fading, but there is no full peace yet → oil is in the $90–100 range, down 14% for the week ⛽
$IREN $OKLO $BNB
🛢️ Petrol Falling Below $100 📉
Why did it fall?
⚔️ US-Iran War began on February 28 → 🚢 Traffic through the Strait of Hormuz paralyzed → Brent climbed to $118
🕊️ November 2: Iranian President Pezeshkian → "We have been authorized to hold peace talks" → oil fell 7%
🗳️ November 3: Democrats won both chambers of Congress
💬 November 4: JD Vance on X: "Everyone knows we lost the war" → Brent fell 8.7% to $94.62, WTI fell 8.3% to $88.12 (the steepest drop since April)
What is the market saying?
📊 Weekly loss: ~14%
🏛️ Chuck Schumer (new Senate leader): "We will end the war"
🇺🇸 Trump: "Iran wants to make a deal, maybe"
⚠️ Bob McNally: "There is an 80% chance military operations will resume" → not quite peace yet
Visual summary:
$118 ┤ 📈 October 28 (peak) │ ╲ $110 ┤ ╲ │ ╲ 🕊️ November 2: hope for peace $100 ┤─────╲────── ⬇️ │ ╲ 🗳️ November 3: Democratic victory $94 ┤ ╲ 💬 November 4: Vance post │ ╲ $88 ┤ 📉 WTI close └────────────────── Oct 28 Nov 2 Nov 3 Nov 4 Nov 5 Nov 6
🔑 In short: The war premium is fading, but there is no full peace yet → oil is in the $90–100 range, down 14% for the week ⛽
$IREN $OKLO $BNB
