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الوطن
Oil falls 13% this week
Oil prices fell during the week ending November 6, 2026, with Brent crude down nearly 17% and U.S. crude down 13%. They closed on Friday at $98.32 and $90.83 per barrel, respectively. The decline came as the geopolitical risk premium eased following the U.S. midterm election results, alongside expectations that supplies would return and the emergence of a global surplus of 1.4 million barrels per day in October, despite continued risks to supply security in the Gulf and around the Strait of Hormuz.
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