Brent Crude Oil Price: $114.68 on Tuesday as the Fed…
By Tobi Opeyemi Amure
AI summary of the source article
Brent crude dropped to $114.68 and WTI fell to $100.83 as officials from Saudi Arabia, Turkey, Pakistan, and Iran held diplomatic talks in Tehran. Concurrently, the Federal Reserve opened its two-day policy meeting.
Why it matters
"Brent above $115 is the main reason December hike odds sit near 82 percent, and a hawkish statement on Wednesday or a hot PCE print on Thursday would hit demand expectations from the other side."
Key facts
- Brent crude traded down at $114.68 a barrel and WTI dropped to $100.83 on Tuesday morning in Asia.
- Top officials from Saudi Arabia, Turkey, and Pakistan met with Iranian officials in Tehran and agreed to keep talking.
- Traders priced an 11 percent chance of a Fed rate hike this week and about an 82 percent chance for December.
Source excerpt · FinanceFeeds
Updated 27 October 2026. Brent crude traded at $114.68 a barrel on Tuesday morning in Asia, down $1.13 or 0.98 percent, with WTI at $100.83, down 0.91 percent (HDFC Sky, 27 October). On Monday Brent settled at $115.81, down 91 cents, after briefly topping $117 during the session; WTI settled at $101.76 (CNBC; Herald Business). Verdict: the second down day is a diplomacy trade. Senior officials fro…