Brent Crude Oil Price: $98.32 Saturday as US-Iran Deal Bets…
By Tobi Opeyemi Amure
AI summary of the source article
Brent crude futures settled at $98.32 a barrel after falling more than 16% over the week on bets regarding a potential US-Iran deal. Meanwhile, tanker attacks continued in the Strait of Hormuz, keeping flows below 60% capacity.
Key facts
- Brent crude settled at $98.32 a barrel on Friday 6 November, down more than 16 percent over the week.
- Iran reportedly sent a nuclear proposal to Washington through Qatar, demanding an end to the naval blockade, sanctions relief, and unfrozen assets.
- The US added 165,000 jobs in October compared to about 65,000 expected, lifting December Fed rate hike odds to roughly 77-80 percent.
Source excerpt · FinanceFeeds
Updated 7 November 2026, 09:30 GMT. Oil markets are shut for the weekend. Brent crude futures settled at $98.32 a barrel on Friday 6 November, up 3 cents on the day, and US West Texas Intermediate gained 31 cents to $90.83 (CNBC). Brent lost more than 16 percent over the week and WTI nearly 13 […]