Brent Crude Oil Price: $91 Tuesday After a 5.85% Plunge,…
By Tobi Opeyemi Amure
AI summary of the source article
Brent crude traded near $91 on Tuesday following a 5.85% drop to settle at $92.57 on Monday. Prices fell after President Donald Trump indicated fresh attacks on Iran were unlikely while negotiations progressed, alongside indications of rising supply.
Why it matters
Today's CPI matters because higher prices have been driving talk of a December rate rise.
Key facts
- Brent crude settled down 5.85% at $92.57 on Monday, while WTI fell 4.38% to $86.85.
- Oil prices declined after Donald Trump stated he was highly unlikely to order new attacks on Iran as long as talks progressed.
- JPMorgan estimated the global oil surplus reached approximately 1.4 million barrels per day in October.
Source excerpt · FinanceFeeds
Updated 10 November 2026, 07:10 GMT. Brent crude was near $91 on Tuesday, with Trading Economics showing $91.12, after settling Monday at $92.57, down $5.75 or 5.85 percent (Reuters). Verdict: the market is pricing an end to the Iran conflict before either side has announced one, and Brent is at its lowest since late August. Reference levels: $98 above, $88 below . Key facts Monday settlement: Bre…