Business · Energy & Commodities · 2 hrs ago
Brent crude settles at $103.60, its lowest level in four weeks
Oil prices fell to a four-week low, with Brent crude settling at $103.60 per barrel on November 3.
Brent is a global oil benchmark, and its futures are contracts tied to the price of oil for delivery later.
Brent futures fell $1.17, or 1.1%, from the previous settlement.
US benchmark West Texas Intermediate, or WTI, also declined, settling at $96.09 per barrel.
WTI fell 37 cents, or 0.4%.
Earlier, on November 2, Brent briefly dropped below $104 per barrel for the first time since October 15, then recovered somewhat; the figures describe different trading sessions.
Both benchmarks ended lower, but the sources give no reason for the price moves or indicate what may happen next.
Brent crude futures settled at $103.60 per barrel, their lowest level in four weeks.
The price fell by $1.17, or 1.1%, according to Okaz.
WTI crude futures settled at $96.09 per barrel, down 37 cents, or 0.4%.
On November 2, Brent briefly fell below $104 per barrel for the first time since October 15.
- Who
- Brent crude futures and WTI crude futures.
- What
- Brent settled at $103.60 per barrel, its lowest level in four weeks. WTI settled at $96.09 per barrel.
- When
- November 4, 2026.
- Where
- Not stated.
- Why
- Not stated.
This story does not have two clearly opposing sides.
Brent futures fell below $104 per barrel for the first time since October 15.
Brent futures settled at $103.60 per barrel, and WTI futures settled at $96.09 per barrel.
- Brent settlement
- $103.60 per barrel
- Brent daily change
- Down $1.17, or 1.1%
- WTI settlement
- $96.09 per barrel
- WTI daily change
- Down 37 cents, or 0.4%
- Earlier Brent low
- Fell below $104 per barrel on November 2, the first time since October 15
3 sources
What people are saying
Oil prices fell today to their lowest level in four weeks.