Breaking news: Oil sinks nearly 3%

Russia's Novak says he favors taking OPEC+ extension decision closer to April

In addition the Interfax news agency cited kazakhstan's energy ministry said that Kazakhstan's Kashagan oilfield will resume oil production of 400,000 barrels per day by mid-December.

Oil price sinks nearly 3%. The nearest support to watch is $55.5 handle, where lies the lower limit of Overbalance structure (green rectangle).

Oil WTI H4 interval. Source: xStation5

6 November 2026, 17:37

3 markets to watch next week: GBPUSD, US500, OIL (06.11.2026)

6 November 2026, 16:41

OIL loses after reaching $100 📉Is Iran reviewing a change to its nuclear program?

6 November 2026, 15:33

Pick of the week: Can Brent crude stay below $100 per barrel?

6 November 2026, 13:24

Market Wrap: Weak Europe, AI Debt, and Awaiting US Data

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