As of 16:20 on November 2, Brent for January delivery fell 3.91% to 109.00 USD/barrel and WTI for December delivery fell 4.1% to 99.85 USD/barrel, after reports that the US and Iran are pursuing diplomatic solutions. U.S. Secretary of State Marco Rubio said President Trump does not want to use military options, while Iranian officials said a deal could still be reached after two days of talks mediated by Qatar. However, the US and Iran are reportedly preparing for possible military strikes after the November 3 midterm elections, and Supreme Leader Mojtaba Khamenei urged the armed forces to respond to every level or type of threat. PVM Oil Associates analyst Tamas Varga said concerns over the Middle East and Ukraine may keep weighing on energy markets in the short term. Goldman Sachs warned Brent could climb to 140 USD/barrel in 2027 if Gulf output keeps falling.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Dầu WTI rơi hơn 4% sau thông tin Mỹ và Iran hướng tới các giải pháp ngoại giao
Read the original on Vietstock ↗
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oil pricesIrangeopoliticsMiddle East
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Related tickers and likely impact
PVD
▼ Likely negativePetroVietNam
Relevance: medium
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Oil & Gas |
| Industry | Oil Equipment & Services |
| Market cap | 16,653 bn VND |
| P/E | 18.4 |
| P/B | 0.97 |
| Close on 11/02/2026 | 17.70 |
| Change that session | -1.39% |
PVT
▼ Likely negativePVTrans
Relevance: medium
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Industrial Goods & Services |
| Industry | Marine Transportation |
| Market cap | 10,985 bn VND |
| P/E | 7.1 |
| P/B | 1.11 |
| Close on 11/02/2026 | 20.60 |
| Change that session | -3.06% |
PAXG/USDT
▼ Likely negativePAX Gold
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $1.7B |
| Close on 11/01/2026 | 3,910.91 |
| Change that session | +0.30% |
XAUT/USDT
▼ Likely negativeTether Gold
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $3.1B |
| Close on 11/01/2026 | 3,893.72 |
| Change that session | +0.36% |
XAU/USD
▼ Likely negativeRelevance: low
| Market | Gold |
|---|---|
| Close on 10/30/2026 | 3,875.51 |
| Change that session | -3.63% |
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