Brent Crude Falls to $110.64 a Barrel
Brent crude dropped 5.2% in Monday morning trading, pricing at $110.64 a barrel after an earlier dip to $112.
Updated on Nov. 2, 2026 in Oil and Gas
Brent crude fell 5.2% to $110.64 a barrel Monday morning, according to a quote recorded at 8:38 a.m. ET. The benchmark had earlier fallen to $112 a barrel before the latest reading.
Why it matters
The sharp drop in Brent, a global oil benchmark, signals shifting pricing pressure in international crude markets. Movements in Brent affect energy costs and petroleum-linked industries across many countries.
Brent crude traded at $110.64 a barrel at 8:38 a.m. ET on Monday, down 5.2% from the previous session's close. The benchmark had earlier touched $112 a barrel, and the source does not specify the cause of the move.
The details
Brent crude slid during Monday morning trading, with the latest quote placing the benchmark at $110.64 a barrel. The decline was measured against the previous trading session's close and follows an earlier drop to $112 a barrel.
Timeline
Monday, November 2, 2026, 8:38 a.m. ET (13:38 UTC): Brent quoted at $110.64 a barrel after a 5.2% decline.
Market Landscape
Brent serves as a principal global benchmark for crude oil pricing, so a 5.2% single-session move shapes expectations across international petroleum markets. Whether this decline marks a sustained shift or a temporary correction remains unclear from the available data.
Movements in Brent crude can feed into fuel and energy costs that reach households and businesses worldwide. The extraction does not indicate how long the current price level will hold.
The takeaway
Oil prices can shift quickly within a single trading session, so readers tracking energy costs may find it useful to watch benchmark movements over several days rather than a single quote.
Further reading
Track the latest movements in global supply and demand in our Oil and Gas coverage.
