Qatar states US-Iran discussions alive as Trump meets Qatari PM, oil swings on mixed signals
The Qatar meeting is the session's swing event for crude. Signs of a credible path back to a ceasefire and nuclear discussions would revive the selling seen at the open on Trump's CNN comments.
In this article
In the latest oil prices update, the Qatar meeting is the session's swing event for crude, according to investingLive. Signs of a credible path back to a ceasefire and nuclear discussions would revive the selling seen at the open on Trump's CNN comments.
What happened: Oil prices
The Qatari intervention adds another twist to a day of markedly mixed signals for the oil market. US Central Command has revealed Task Force Iron Gate as part of efforts to target Iran's economy.
Why oil prices matters for traders
Oil prices affect inflation, company costs and the currencies of major producers and importers. Moves in crude often spill over into the Canadian dollar, Norwegian krone and energy stocks.
Supply decisions, inventory data and geopolitical risks can move crude quickly, and higher energy prices can complicate the job of central banks fighting inflation.
Market reaction and data
Crypto prices at the time of writing, from Binance spot data (2026-11-09 04:13 UTC):
| Asset | Last price (USDT) | 24h change | 24h high | 24h low |
|---|---|---|---|---|
| Bitcoin (BTC) | 75,008.00 | -1.20% | 76,200.00 | 73,510.00 |
| Ethereum (ETH) | 2,144.69 | -4.14% | 2,246.00 | 2,060.00 |
| Solana (SOL) | 87.65 | -1.82% | 90.01 | 85.02 |
On the currency side, the latest ECB daily reference rates (2026-11-06) show EUR/USD 1.1165, GBP/USD 1.3385, AUD/USD 0.6871, NZD/USD 0.5544, USD/JPY 158.33, USD/CHF 0.8189, USD/CAD 1.4066, USD/CNY 6.6713. These are reference fixes, not live quotes.
What to watch next for oil prices
Watch for OPEC+ supply decisions, weekly inventory reports, demand signals from major economies and any geopolitical developments in producing regions.
Key scheduled releases on the economic calendar:
- USD Core CPI m/m on Tue Nov 10, 13:30 UTC, forecast 0.2%, previous 0.3%
- USD CPI m/m on Tue Nov 10, 13:30 UTC, forecast 0.3%, previous 0.6%
- GBP GDP m/m on Thu Nov 12, 07:00 UTC, forecast 0.0%, previous 0.1%
- USD Core PPI m/m on Fri Nov 13, 13:30 UTC, forecast 0.3%, previous 0.7%
- USD PPI m/m on Fri Nov 13, 13:30 UTC, forecast 0.4%, previous 1.3%
Follow every update in our Top 10 Forex News Today, read Japanese yen: WSJ: Japan spent a record $50 billion in one day to defend the yen, data confirms or see all of today's top market news.
FAQ
What is the latest oil prices news?
The Qatar meeting is the session's swing event for crude.
What drives oil prices?
Crude prices depend on supply from OPEC+ and other producers, global demand, inventory levels and geopolitical risk in key producing regions.
Where does this information come from?
This report is based on coverage from investingLive, checked against market data where available. It is a summary for information only and not investment advice.
Risk warning: This article is for information only and is not investment advice. Trading forex, CFDs, stocks and crypto carries a high risk of losing money. Prices move fast – check live quotes before you trade.
