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Natural gas and oil prices fall amid weak demand and hopes for US-Iran talks.

Market News
02 Nov 2026, 21:02 WIB
FXEmpire
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Bearish
Natural gas and oil prices fall amid weak demand and hopes for US-Iran talks.

Natural gas prices dropped from session highs due to weak demand, with key support levels at $2.80-$2.83 and $2.65-$2.68. WTI oil prices fell sharply as traders reacted to Iran's Supreme Leader granting powers for US negotiations, raising hopes for peace talks that could reduce oil prices. Brent oil also declined, testing support at $104.00-$104.50 amid speculation that a US-Iran deal could push prices lower. Market focus remains on whether the US will engage seriously in talks, which could further influence oil price movements.

Natural gas and oil price forecasts provide context for market activity on Pluang as of Nov 03, 2026 01:31 WIB. Among 150 US stocks priced on Pluang, 104 rose while 46 fell today. Notably, XPEV (Xpeng Inc - ADR) gained 7.41% to USD 9.71 with a typical hold time of 82 days, contrasting with UPST (Upstart Holdings Inc) which dropped 6.60% to USD 21.50 and saw 100% buy order activity. GFI (Gold Fields Limited) also rose 6.53% to USD 35.07 despite 88% sell order activity, illustrating varied investor sentiment across assets.

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