Why Oil Fell 19% in 3 Days (Nov 4, 2026)
Brent crude fell more than 8% on Wed, Nov 4, 2026, to under $95 a barrel, after a 7.6% drop on Mon, Nov 2.
· 264 views · YouTube video: Oil Just Fell 19% in 3 Days
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Quick overview
- Brent crude fell more than 8% on November 4, 2026, after a 7.6% drop on Monday, November 2.
- From about $117.64 on October 30 to under $95, that is almost 20% in three trading days.
- Traders bet the Iran war could end soon. Cheaper oil was also one reason the Dow rallied.
- −8%+ Brent drop on Nov 4, 2026
- −19% Brent in three trading days
- Under $95 Brent, from about $117.64 on Oct 30
What happened
Brent crude fell more than 8% on Wednesday, November 4, 2026, to under $95 a barrel. That came after a 7.6% drop on Monday. From about $117.64 on Friday, October 30, it is down almost 20% in three trading days.
Why it matters
Traders are betting the Iran war could end soon. Reports say the White House linked Tuesday's midterm losses to the conflict. Falling oil was one reason the Dow jumped the same day.
Watch the 30-second short to see how oil lost almost a fifth of its price.
FAQ
Why is oil falling in November 2026?
Traders are betting the Iran war could end soon. Brent fell almost 20% in three trading days to under $95.
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Topics: oil price, crude oil, brent, oil news, iran war, midterm elections, stock market today, wall street