US stock futures rose on Nov. 2, with Nasdaq 100 E-minis up 0.86%, S&P 500 E-minis up 0.49%, and Dow E-minis up 0.59%. Brent crude fell 5.9% to $106.76 a barrel, while WTI crude dropped below $100. Oil declined amid reports that President Trump wanted to allow more time for diplomacy with Iran and that Iranian and Qatari officials were discussing an end to the conflict. Iran’s foreign ministry confirmed that contacts with the United States were continuing.
Futures rose alongside a pullback in oil and hopes for diplomatic progress, while talks between Iran and Qatari mediators ended without a breakthrough and the plan remained conditional on Tehran’s demands.
Read the full storyBrent fell to $108.68 a barrel and U.S. crude to $99.74, while stock futures rose ahead of the midterm elections and labor market data.
Oil prices fell on hopes of diplomatic progress between Washington and Tehran, while markets continued to track a conditional proposal to reopen the Strait of Hormuz and upcoming U.S. data.