Brent Falls Below $90 a Barrel for First Time Since August

© изображение сгенерировал ИИ

Oil prices on global exchanges are falling amid hopes for a peaceful resolution to the Middle Eastern conflict, according to data from the London-based ICE Futures and the New York Mercantile Exchange on November 10.

During trading, January futures for Brent crude oil dropped by 2.86%, reaching $89.92 per barrel, the lowest level since August this year.

At the same time, December futures for WTI crude oil fell by 2.8%, to $84.42 per barrel.

In the previous trading session, Brent had already lost 5.9%, while WTI had dropped by 4.4%.