Oil plummets more than 8% with expectations of a truce in the Middle East
Brent and WTI fall more than 7% with negotiations between Iran and the USA mediated by Qatar, and B3 has no trading session this Monday
BY THE X-TRADER NEWS NEWSROOM · REPORTING FROM SEU DINHEIRO · 2 MIN
Oil fell more than 8% on Monday (2/11), with Brent falling 8.23% and WTI 7.92%, according to Seu Dinheiro. The movement was attributed to the expectation of a truce in the war in the Middle East, which reduced fears of a lack of supply of the commodity on the international market.
At around 3:40 pm Brasília time, Brent for January 2026 was trading at US$ 104.09 per barrel on ICE, in London, while WTI for December was quoted at US$ 95.87 per barrel on Nymex, according to the same vehicle.
The main factor cited is the negotiation between Iran and the United States, which is mediated by Qatar. According to Seu Dinheiro, the prospect of dialogue reduced concerns about supply. Money Times reported that oil fell amid diplomatic efforts in the region.
The effect has spread to energy stocks. According to Investing.com, shares of Canadian companies in the sector fell along with the commodity. In New York premarket, the tone was positive, according to Money Times.
In Brazil, B3 had no trading session this Monday. On European stock exchanges, the start of the day was mixed, on the first business day of the month, according to the same source.
On the international radar, the mid-term elections in the United States, scheduled for Tuesday (3/11), are also important. Apple releases its results for the third quarter of 2026 after closing, after a sharp drop in the markets in the last week of October, according to Money Times.
What changes for the investor
For those who follow interest rates, the dollar and the Nasdaq, oil works as a thermometer of inflation and risk appetite. A confirmed truce could ease the pressure on fuel prices and shift attention to balance sheets and the American electoral agenda. On the other hand, geopolitical news tends to make prices volatile, which requires separating diplomatic noise from concrete supply signals. These are possible market effects, not price predictions or buy or sell recommendations.
Automatically translated from Portuguese.
