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Oil prices steady near $97 as Iran talks and US strike reports create mixed market signals.

Market News
03 Nov 2026, 07:30 WIB
FXEmpire
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Neutral
Oil prices steady near $97 as Iran talks and US strike reports create mixed market signals.

Oil prices held steady with WTI near $97.05 and Brent near $105.23 amid mixed signals from the Middle East. Reports of a US strike on Iran's Qeshm Island added risk premium to prices, but ongoing Iran peace talks and US midterm election uncertainty kept traders cautious. Natural gas prices rose slightly on cold weather forecasts but remain under pressure from weak fundamentals. Technical analysis shows slight bearish bias for oil and gas unless key resistance levels are broken. Investors will watch election outcomes and further diplomatic developments closely.

The natural gas and oil market context provides insight into related sectors on Pluang. For readers following US stocks, here is Pluang's market snapshot as of Nov 03, 2026 11:51 WIB: out of 150 priced US stocks, 84 rose and 66 fell. Notable movers include XPEV at USD 9.84 with a 1-day change of +8.85%, RIVN at USD 13.17 with +8.31%, and INTC at USD 60.38 with -8.18%.

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