International crude oil plunges intraday: Brent crude falls 7%, WTI drops by more than 6%
November 5, Brent crude fell during the day by 7.00% to 96.45 USD per barrel; WTI crude fell by more than 6% to 90.25 USD per barrel.
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Connect scattered updates into a story you can understand.
November 5, Brent crude fell during the day by 7.00% to 96.45 USD per barrel; WTI crude fell by more than 6% to 90.25 USD per barrel.
November 4, Brent crude falls below 100 USD per barrel, with an intraday decline of 3.60%. Iran and Pakistan also issued statements signaling efforts to ease regional tensions.
BlockBeats cited Bitget market data as saying that Brent crude oil fell intraday by 3.00%, and is now trading at 100.43 USD/barrel. The article also mentioned that Trump had previously said he would stop 4000000000 USD aid to Israel.
BlockBeats reported that energy investor Jeff Currie recommends taking partial profits on short-term crude and refined product trades after the sharp rise in oil prices, while maintaining his view of a long-term structural bull market in energy.
BlockBeats cited Onchain Lens as saying that a Hyperliquid trader held long positions in Brent and WTI crude with 10 x leverage, totaling approximately 148000000 USD. The report said the positions would face elevated risk if oil prices continued to fall.
BlockBeats cited Bitget market data as saying that November 3 Brent crude oil's gain widened to 2%, trading at 105.66 USD/barrel;WTI crude oil reached 97 USD/barrel, up on the day by 1.70%。
BlockBeats cited Lookonchain monitoring as saying that a whale opened long positions in Brent and US crude oil worth a combined total of over 147000000 USD。
BlockBeats reported that UBS raised its year-end Brent crude oil forecast from per barrel 100 USD to 110 USD, citing Middle East supply disruptions, declining inventories, and rising transportation costs.
WTI and Brent crude opened lower on Monday 1.2%, with reports that Qatari mediators traveled to Tehran to coordinate efforts to ease regional tensions.
October 23, according to Bitget market data, Brent crude oil rose intraday 3.00%, currently quoted at 112.37 USD/barrel.
CryptoQuant analyst Darkfost said that Brent crude remaining 100 USD/barrel may bring inflationary and growth pressures that could limit new funds flowing into high-risk assets such as Bitcoin.
Citing analyst Darkfost, PANews said that the economic environment associated with Brent crude oil remaining at elevated levels may suppress liquidity in high-risk assets such as Bitcoin.
