Business · Energy & Commodities · 4 hrs ago
Oil prices fall more than 7% at settlement
Oil prices fell by more than 7% at settlement on Monday evening.
The figures cover Brent and US West Texas Intermediate, two crude oil benchmarks.
Brent futures dropped $8.66, or 7.63%, to $104.77 a barrel.
US West Texas Intermediate fell $7.66, or 7.36%, to $96.46 a barrel.
Both benchmarks therefore recorded steep declines in the same session.
The figures give the settlement prices, but no reason for the drop or what may happen next.
Oil prices fell by more than 7% at settlement on Monday evening.
Brent crude futures dropped $8.66, or 7.63%, to $104.77 per barrel.
West Texas Intermediate crude fell $7.66, or 7.36%, to $96.46 per barrel.
- Who
- Brent and West Texas Intermediate crude futures.
- What
- Both oil benchmarks fell by more than 7% at settlement.
- When
- Monday evening; the article was published on November 3, 2026.
- Where
- Not stated.
- Why
- Not stated.
This story does not have two clearly opposing sides.
This story does not have a timeline yet.
- Brent settlement
- $104.77 per barrel
- Brent decline
- $8.66, or 7.63%
- West Texas Intermediate settlement
- $96.46 per barrel
- West Texas Intermediate decline
- $7.66, or 7.36%