Brent price drops below 90 dollars first time since August

Brent oil futures with delivery in next January fell below $90 a barrel on the London-based ICE first time since August 31, 2026, according to trading data.

Brent prices tumbled 3.14% to $89.66 per barrel.

The Brent oil recovered to $89.95 per barrel later, down 2.83%. WTI futures with the settlement in December lost 2.72% to $84.49 per barrel.