Commodities update: Brent and WTI ETFs lead declines, metals advance
Brent and WTI ETFs were the largest losers while SLV and GLD ETFs rose at Nov 4, 21:00 UTC; the US Employment Situation is scheduled for Fri Nov 6, 13:30 UTC, per Finnhub and the bls.
Where prices stand
At Nov 4, 21:00 UTC, the BNO ETF was at $60.40 and fell 8.64% from the prior close, the day’s largest move. The USO ETF was at $145.41 and fell 8.07% from the prior close. The SLV ETF was at $47.16 and rose 5.17% from the prior close, and the GLD ETF was at $372.49 and rose 3.68% from the prior close. The UNG ETF was at $9.2700 and rose 1.53% from the prior close, and the CPER ETF was at $38.59 and rose 0.21% from the prior close, according to Finnhub.
| Instrument | Last | 5-session change | Latest change | As of | Source |
|---|---|---|---|---|---|
| Gold (via GLD ETF) | $372.49 | -3.50% | +3.68% | Nov 4, 21:00 UTC | Finnhub |
| Silver (via SLV ETF) | $47.16 | -8.79% | +5.17% | Nov 4, 21:00 UTC | Finnhub |
| WTI Crude Oil (via USO ETF) | $145.41 | -4.19% | -8.07% | Nov 4, 21:00 UTC | Finnhub |
| Brent Crude (via BNO ETF) | $60.40 | +6.84% | -8.64% | Nov 4, 21:00 UTC | Finnhub |
| Natural Gas (via UNG ETF) | $9.2700 | -10.97% | +1.53% | Nov 4, 21:00 UTC | Finnhub |
| Copper (via CPER ETF) | $38.59 | -3.85% | +0.21% | Nov 4, 21:00 UTC | Finnhub |
Trend check
WTI Crude Oil shows a bullish status with RSI(14) 53.4; close $103.37, SMA50 $96.61 and long SMA $87.62. Brent Crude shows a neutral status with RSI(14) 52.1; close $123.10, SMA50 $114.21 and long SMA $97.34. Natural Gas shows a bearish status with RSI(14) 42.0; close $2.7600, SMA50 $2.9638 and long SMA $3.4626, per Finnhub.
| Instrument | Close | SMA50 | Long SMA | RSI(14) | Trend status |
|---|---|---|---|---|---|
| WTI Crude Oil | 103.37 | 96.61 | 87.62 | 53.4 | bullish |
| Brent Crude | 123.10 | 114.21 | 97.34 | 52.1 | neutral |
| Natural Gas | 2.7600 | 2.9638 | 3.4626 | 42.0 | bearish |
Trend status is a rules-based classification of moving averages and MACD on daily closes (as of Nov 3, 22:40 UTC); it is not a recommendation.
In the news
Business-standard.com ran a news item headlined "Oil prices plunge 10% as US midterm results raise hopes of Iran war's end" (published Nov 4, 19:00 UTC). Forexlive published a report headlined "EIA weekly US crude oil inventories -865K vs +877K expected" (published Nov 4, 15:30 UTC). Both items are listed in the headlines for Nov 4 in the data.
- Oil prices plunge 10% as US midterm results raise hopes of Iran war's end — business-standard.com, Nov 4, 19:00 UTC
- EIA weekly US crude oil inventories -865K vs +877K expected — Forexlive, Nov 4, 15:30 UTC
What to watch
The Employment Situation is scheduled for Fri Nov 6, 13:30 UTC; it is a high-importance US macro release listed by the bls. This release appears as the next upcoming event in the calendar.
- Fri Nov 6, 13:30 UTC — Employment Situation (US) (source)
Sources and data
- business-standard.com (secondary source) — Oil prices plunge 10% as US midterm results raise hopes of Iran war's end
- Forexlive (secondary source) — EIA weekly US crude oil inventories -865K vs +877K expected
- Finnhub (market data) — market data
- U.S. Bureau of Labor Statistics (primary source) — calendar
- U.S. Energy Information Administration via FRED (primary source) — calendar
- Federal Reserve (primary source) — calendar
Market data as of Nov 4, 21:00 UTC; report generated Nov 4, 21:01 UTC. All times are UTC. Each table row shows its own timestamp and provider.
This report was produced by the MarketAlleys Research Desk using automated data processing and language tools from the sources listed above, and checked against our automated-content validation rules. It is for information only and is not investment advice.
Terms in this article
Exchange-traded fund (ETF)
A fund that trades on a stock exchange like a share, usually tracking an index, sector, commodity or strategy.
Price-to-earnings ratio (P/E)
Share price divided by earnings per share.
Gold (XAU)
A precious metal held as a store of value, a hedge against currency debasement and a safe haven, as well as used in jewellery and industry.
WTI crude
West Texas Intermediate, a light, sweet (low-sulphur) US crude oil and the main US price benchmark.
Brent crude
The international crude oil benchmark, based on a basket of North Sea grades and traded as futures on ICE.
Sources & data
- business-standard.com (secondary, retrieved Nov 4, 2026, 09:05 PM UTC)
- Forexlive (secondary, retrieved Nov 4, 2026, 09:05 PM UTC)
- Finnhub (market-data, retrieved Nov 4, 2026, 09:05 PM UTC)
- U.S. Bureau of Labor Statistics (primary, retrieved Nov 4, 2026, 09:05 PM UTC)
- U.S. Energy Information Administration via FRED (primary, retrieved Nov 4, 2026, 09:05 PM UTC)
- Federal Reserve (primary, retrieved Nov 4, 2026, 09:05 PM UTC)
Market data as of Nov 4, 2026, 09:00 PM UTC.
This report was produced by the MarketAlleys Research Desk using automated data processing and language tools, built only from the cited sources and validated by rules described in our methodology. Spot an error? Request a correction.
Ask about this story
Questions are answered only from this article and the sources it cites.
MarketAlleys provides news and analysis for information only; it is not investment advice or a recommendation to buy or sell any security. Markets involve risk. Risk disclaimer.
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