Business · Energy & Commodities · 2 hrs ago
Brent crude falls below $93 a barrel for first time since September 1
Brent crude futures fell below $93 a barrel on London's ICE exchange on November 9.
The price of the contract for delivery in January 2027 reached $92.80, down 5.61% at 5:21 p.m.
Moscow time.
It was Brent's first dip below $93 since September 1.
By 5:34 p.m.
Moscow time, Brent had recovered some ground and was trading at $93.93, down 4.47%.
US WTI crude also fell, with December futures down 3.93% to $87.26 a barrel.
These figures show a sharp fall in both major oil benchmarks during the trading session.
The prices could move further as trading continues.
Brent crude futures for January 2027 delivery fell below $93 a barrel on London's ICE exchange for the first time since September 1.
At 2:21 p.m. GMT on November 9, Brent was down 5.61% at $92.80 a barrel.
By 2:34 p.m. GMT, Brent had pared some losses and was down 4.47% at $93.93 a barrel.
WTI crude futures for December delivery were down 3.93% at $87.26 a barrel.
- Who
- Brent crude futures for January 2027 delivery.
- What
- The price fell below $93 a barrel, then rose above that level.
- When
- November 9, 2026.
- Where
- London's ICE exchange.
- Why
- Not stated.
This story does not have two clearly opposing sides.
Brent fell 5.61% to $92.80 a barrel, below $93 for the first time since September 1.
Brent pared some losses and traded down 4.47% at $93.93 a barrel.
- Brent contract
- January 2027 delivery
- Brent low reported
- $92.80 per barrel
- First below $93 since
- September 1
- Brent price at 2:34 p.m. GMT
- $93.93 per barrel
- WTI contract
- December delivery
- WTI price
- $87.26 per barrel