📰 ET Markets 🔴 BEARISH 🕒 02 Nov 2026, 07:47 AM IST

Oil Price Today (November 2): Crude oil falls to $111 as Iran-Qatar talks continue to end war. What are experts saying?

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Core Development: Oil Price Today (November 2): Crude oil falls to $111 as Iran-Qatar talks continue to end war. What are experts saying?

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Market & Financial Impact: Crude oil price : Oil prices have plummeted dramatically, impacting Brent and WTI crude significantly. As Iranian and Qatari officials engage in talks to mitigate tensions from the US-Israeli conflict regarding Iran, the situation is further aggravated by security threats and oil tanker assaults in the Strait of Hormuz. Experts warn of ongoing price instability post-US midterm elections, creating an unpredictable environment for global energy supply chains and market responses.

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Actionable Insight: 🔴 Bearish Risk: Regulatory scrutiny, profit decline, or sell-off risk may create near-term volatility.

Brent Crude Oil Price : Brent crude futures fell $2.27 or 2%, to $111 a barrel, while US West Texas Intermediate (WTI) crude dropped $2.42 or 2.32%, to $102 a barrel. Brent had ended October at its highest level in six months, amid concerns that the US-Iran conflict could escalate again following Tuesday's US midterm elections.

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Official Publisher Attribution: This report is aggregated from Economic Times. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.

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Oil Price Today (November 2): Crude oil falls to $111 as Iran-Qatar talks continue to end war. What are experts saying?

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