Brent and WTI crude oil prices fall by close of trading
Global benchmark crude oil prices moved toward a moderate decline, with Brent and WTI futures settling at $95.52 and $88.23 per barrel, respectively.
Global benchmark crude oil prices moved toward a moderate decline, with Brent and WTI futures settling at $95.52 and $88.23 per barrel, respectively.
Brent crude, the international benchmark, rose 0.2% to $91.71 a barrel, while US benchmark crude WTI gained 0.1% to $86.12 in late-morning trading, as hopes of de-escalation in the Iran war were tempered by continued attacks on shipping in the Strait of Hormuz, keeping investors on edge.
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.
Oil prices fell on Monday after U.S. President Donald Trump downplayed the likelihood of renewed strikes on Iran, though attacks on ships near the Strait of Hormuz kept supply concerns in focus.
Oil prices rose Friday as investors weighed the risk of renewed military escalation between the U.S. and Iran following the midterm elections, alongside prospects for a diplomatic breakthrough.
Oil prices were mixed Thursday following a sharp selloff in the previous session as traders assessed the outlook for U.S.-Iran relations and recovering oil supplies from the Middle East.
Crude oil prices were set for another weekly gain today, also extending their monthly rise to four months in a row amid continued fears of escalation in the Middle East and Houthi attacks on Saudi infrastructure.
Oil prices on the exchange are rising once more, with Brent returning to early-May levels and nearing $115.
Oil prices advanced on Wednesday as tensions in the Middle East continued to raise concerns about regional supply disruptions, while industry data showed a larger-than-expected decline in U.S. crude inventories.
Oil prices climbed on Tuesday as investors continued to monitor simmering tensions in the Middle East and U.S. front-month futures contracts neared expiry.
The price of Azerbaijan's Azeri Light crude fell by $3.75, or 2.85%, from the previous level to $127.87 per barrel on a CIF basis at Italy's Augusta port.
The price of Azerbaijan’s Azeri Light crude on a CIF basis at the Italian port of Augusta rose by $0.81, or 0.6%, from the previous level to $131.62 per barrel, according to oil market participants.
The International Monetary Fund has predicted a nearly 41% increase in oil prices this year, at an average of $96 a barrel. The …
The price of futures contracts of Brent crude oil for December 2026 delivery on London’s ICE has risen above $106 per barrel for the first time since September 29, 2026, according to trade data.
This morning, Brent crude fell to $96.69 per barrel and WTI dropped to $88.90, while the price of Azeri Light rose to $112.29 per barrel.
The price of Brent crude futures for November 2026 delivery on the London-based ICE exchange slid below $98 per barrel for the first time since September 8 of this year, market data showed on Tuesday.
Oil prices fell more than 2% Monday as hopes for renewed U.S.-Iran talks and a recovery in Saudi crude exports eased supply concerns that have kept prices elevated in recent weeks.
This morning, Brent crude dropped to $103.68 per barrel, a decline of more than 1% from the previous session, while WTI prices also fell.
Oil prices are falling today, with Brent losing more than 3.3% and WTI over 2.5%, bringing prices back to early‑September levels.
Oil prices are rising on the exchange, with Brent crude exceeding $105 for the first time since May 22 and WTI surpassing the $100 mark.