Updated

Oil prices rose on Friday, November 6, 2026, as investors weighed the risk of renewed U.S.-Iran military escalation after the midterm elections, alongside the prospect of a diplomatic breakthrough. Rapidan Energy's Bob McNally predicted that both Brent and West Texas Intermediate futures will jump above $100 if tensions renew, according to CNBC. The outlook keeps traders focused on the possibility of supply disruption in the Middle East against hopes for a negotiated outcome.