The price of Brent crude futures for November 2026 delivery on the London-based ICE exchange slid below $98 per barrel for the first time since September 8 of this year, market data showed on Tuesday.
As of 1:00 p.m. Moscow time, Brent crude was down 2.35%, trading at $97.98 per barrel.
By 1:20 p.m. Moscow time, Brent pared some of its earlier losses, moving to $98.14 per barrel, down 2.19%.
Meanwhile, WTI crude futures for October delivery shed 2.91% to trade at $89.68 per barrel.
