Brent Crude Oil Price: $96.45 Monday After Trump Says New…
By Tobi Opeyemi Amure
AI summary of the source article
Brent crude futures declined 1.9 percent to near $96.45 a barrel on Monday. The drop followed President Trump's statement that new attacks on Iran were highly unlikely while diplomatic talks progress.
Why it matters
Lower oil is already feeding into interest rate expectations. Gold rose on Monday because cheaper crude eased inflation concerns
Key facts
- Brent crude fell $1.87 or 1.9 percent to around $96.45 a barrel following a 16 percent drop the prior week.
- President Trump stated he was highly unlikely to order new attacks on Iran while talks advance, though no deal has been signed.
- JPMorgan estimated an oil surplus of 1.1 million barrels per day in September, increasing to 1.4 million in October.
Source excerpt · FinanceFeeds
Updated 9 November 2026, 07:00 GMT. Brent crude futures are trading near $96.45 a barrel on Monday, down $1.87 or 1.9 percent from Friday's $98.32 settlement (Yahoo Finance, 06:40 GMT; Trading Economics showed $96.61). President Trump said new attacks on Iran were "highly unlikely" while talks progress, but ships were still reported hit near the Strait of Hormuz. Verdict: the market is still remov…