NewsSignals AI analysis·Trading Economics·Nov 3, 2026

Crude Oil Extends Losses to 3-Week Low

Grade Abearish AI signal$WTI

Crude oil fell more than 2% below $95 a barrel on Tuesday, extending its sharp selloff to a three-week low. Prices have now dropped 7.4% and more than 2% in consecutive sessions, as Iran signaled greater flexibility toward diplomacy and U.S. officials reported no disruption to oil flows after attacks on Qeshm Island. Further diplomatic progress and continued supply availability could keep downward pressure on crude prices.

Bullish strength: 25/100

Bearish strength: 75/100

Crude fell more than 2% below $95 per barrel, reaching a three-week low.
The decline extended the previous session's 7.4% loss.
Iran signaled greater flexibility toward diplomacy.
U.S. officials said attacks on Qeshm Island had not affected oil flows.
Additional refined-product supplies were indicated from the Persian Gulf and India.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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