Brent, WTI Crude Oil Prices Drop by Around 2%

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Oil prices are falling by about 2% during trading on October 26, following a nearly 6.5% increase last week, according to data from the London-based ICE Futures exchange and electronic trading on the New York Mercantile Exchange.

Specifically, the December futures contract for Brent crude oil was down 1.97%, to $109.5 per barrel. Meanwhile, the November futures contract for WTI crude oil dropped 2.33%, to $100.86 per barrel.