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The Marked Chart Wire · Energy
HotIran
Brent crude dropped 9.3 percent to $93.95 and WTI fell 8.9 percent to $87.70 after Democratic midterm wins pressured Trump to end the Iran conflict. Bond yields in the UK and France also declined as inflation fears eased.
Part of a series: Iran: the latest, in order
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Oil
Brent crude oil fell 4.55 percent to $98.89, dropping below the $100 mark. The S&P 500 index climbed 1.61 percent to 7,691.0 during the session.
Oil Inventories
The Energy Department reported a 865,000-barrel drop in crude inventories for the week ending October 30, beating estimates of a 1.7 million-barrel increase. Distillate stocks also fell by 3.565 million barrels.
Strait of Hormuz
The United Arab Emirates is reportedly evaluating the construction of a new oil pipeline. The project aims to provide an alternative route for crude exports, reducing reliance on the Strait of Hormuz.
Energy
The American Petroleum Institute reported a 5.267 million barrel drop in US crude stocks, a sharper decline than the 2.1 million barrel decrease analysts had forecast.
Venezuela Oil
Venezuela shipped 449,000 barrels a day of crude to the United States in October, down from the prior month. Total exports held steady at 1.08 million barrels a day, with shipments to Europe rising to 235,000 barrels a day.
Energy
Saudi Arabia reported a 23 percent decline in oil revenues for the third quarter of 2026.
Fast headlines, summarized. Not verified and not advice. Check the full story before you act.