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Brent crude price falls below $104 per barrel, first time since October 15

As of 8:49 p.m. Moscow time, Brent crude dropped by 8.55% and stood at $103.73 per barrel

MOSCOW, November 2. /TASS/. The price of Brent crude oil futures with January 2027 delivery on London’s ICE exchange fell below $104 per barrel for the first time since October 15 of this year, according to trading data.

As of 8:49 p.m. Moscow time, Brent crude was down 8.55% at $103.73 per barrel.

By 8:54 p.m. Moscow time, Brent crude had pared its losses, trading at $104.31 per barrel, down 8.04%. Meanwhile, WTI crude oil futures for December delivery declined by 7.62% to $96.19 per barrel.