In brief
Brent crude slid 1.17 USD to $103.60 a barrel, while U.S. West Texas Intermediate fell 37 cents to $96.09, marking the lowest level in four weeks. The dip comes as the market lingers on a potential bottom, with analysts citing an unexpected build in U.S. crude stocks and traders pausing ahead of upcoming storage reports.
Oil prices fell to their lowest level in four weeks on Friday, November 4, 2026, as Brent futures dipped 1.17 USD to $103.60 a barrel and U.S. West Texas Intermediate (WTI) slid 37 cents to $96.09, Saudi Press Agency reported.
The Saudi Press Agency cited a 1.1% drop for Brent and a 0.4% slide for WTI, underscoring the steady decline across major benchmarks.
In a separate commentary, Reuters described the market as easing to a nearly four‑week low amid ongoing Middle East peace talks and noted that traders were awaiting weekly storage reports from the American Petroleum Institute and the U.S. Energy Information Administration.
An euronext-looking note indexed energy firms were reported to have added 0.9 million barrels of crude to U.S. storage during the week ended October 30, the first time such a build had been recorded for the period, according to analysts.
