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WTI and Brent crude oil prices dip amid mixed inventory data and US election uncertainty

Market News
05 Nov 2026, 17:37 WIB
FXEmpire
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Neutral
WTI and Brent crude oil prices dip amid mixed inventory data and US election uncertainty

WTI crude oil inventories fell slightly, with distillate stocks notably 13% below average, signaling uneven supply tightness. Refinery activity remains high, but exports dropped, complicating the supply-demand balance. Brent crude faces similar pressures with ongoing Middle East supply disruptions and slow inventory recovery. Both WTI and Brent prices hover near key technical support levels, influenced by US elections and upcoming economic data, suggesting short-term volatility with potential buying opportunities on dips.

Oil’s recent sharp drop provides context for the following Pluang Energy sector snapshot as of Nov 05, 2026 21:41 WIB: Among 79 priced Energy-sector US stocks, 46 rose and 33 fell today. Notably, Solaris Energy Infrastructure Inc. (SEI) declined 8.08% to USD 52.98 with a typical hold time of 6 days and 100% buy order activity, contrasting with Tenaris S.A. (TS) which gained 6.63% to USD 59.63 and Liberty Energy Inc. (LBRT) which dropped 5.86% to USD 12.38, held typically for 9 and 10 days respectively.

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