FeesSafety
Pluang+

Oil prices fall on Iran-US peace hopes but rebound on US strike fears in Middle East.

Market News
03 Nov 2026, 05:44 WIB
FXEmpire
View Source
Neutral
Oil prices fall on Iran-US peace hopes but rebound on US strike fears in Middle East.

Oil prices dropped sharply on Monday due to optimism from Iran-Qatar talks hinting at a possible end to the US-Iran conflict, with WTI down nearly 6.5% and Brent nearly 6.7%. However, prices rebounded Tuesday after reports of a US strike on Iran's Qeshm Island raised concerns about Middle East supply disruptions. The market remains volatile, with prices likely to fall if peace talks progress but rise if conflict escalates. Key technical levels to watch include WTI's $106 resistance and Brent's $120 resistance, which if broken, could lead to further price increases toward $150. Support levels around $80 for WTI and $100 for Brent are critical to maintain bullish momentum.

Oil price movements provide context for energy markets, here is Pluang's snapshot as of Nov 03, 2026 10:21 WIB: Among 79 priced Energy-sector US stocks, 6 rose and 73 fell. Notable movers include NXT (Nextpower Inc.) at USD 91.70 with a 1-day change of +15.58% and a typical hold time of 5 days, KOS (Kosmos Energy Ltd.) at USD 2.47 down 13.33% with a 2-day hold, and VG (Venture Global Inc.) at USD 12.96 down 12.37% with a 5-day hold time. Pluang order activity for NXT shows 52% sell and 48% buy.

More News

ZYT launches Prax Drive System globally with top Chinese heavy truck brands in production.

ZYT launches Prax Drive System globally with top Chinese heavy truck brands in production.

ZYT officially introduced its Prax Drive System™, a commercial vehicle technology, partnering with leading Chinese truck makers like XCMG, Shacman, and Sinotruk. The system supports heavy trucks, buses, light trucks, and vans, with production underwa...

Bullish
1 hour ago
Geely E2 (EX2) hits 1 million global sales in just 2 years, leading in multiple international markets.

Geely E2 (EX2) hits 1 million global sales in just 2 years, leading in multiple international markets.

The Geely E2 (EX2) electric car has reached one million units sold globally within two years of its launch in October 2024, marking rapid market acceptance. It became the world's best-selling car in A&B segments in 2025 and topped sales charts in cou...

Market News
Bullish
3 hours ago
AI data centers move offshore and even to orbit as power and space limits grow.

AI data centers move offshore and even to orbit as power and space limits grow.

AI data centers are expanding beyond traditional land-based locations due to increasing power and space constraints. Companies like Aikido Technologies are exploring floating data centers powered by offshore wind, while Elon Musk's SpaceX plans to de...

Market News
Bullish
3 hours ago
Global Indemnity delays Q3 earnings call to January, introducing new CEO Jessica Buss.

Global Indemnity delays Q3 earnings call to January, introducing new CEO Jessica Buss.

Global Indemnity Group will postpone its third quarter 2026 earnings call originally scheduled for November 4 to January, when new CEO Jessica Buss will present her vision and priorities for the company. The company will still release its Q3 results ...

Market News
Neutral
4 hours ago
Lorraine Ben joins Syntax Defence as Canada boosts defence spending over $500B in a decade

Lorraine Ben joins Syntax Defence as Canada boosts defence spending over $500B in a decade

Lorraine Ben, former CEO of Lockheed Martin Canada, has joined Syntax Defence to provide expert counsel amid Canada's commitment to invest over half a trillion dollars in defence over the next decade. This includes $180 billion in procurement opportu...

Market News
Bullish
4 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App