The key facts
- Brent on ICE fell below $95 for the first time since September 4, 2026, reaching $94.74 (-8.55%)
- WTI fell by 7.58% to $88.81 per barrel
- The reasons for the sharp acceleration of the decline in quotations are not specified in the exchange data
Sharp acceleration of the decline within minutes
The price of Brent crude fell below $95 per barrel during trading on the London ICE exchange for the first time since September 4, 2026. According to the exchange summary, January futures for the North Sea blend fell by more than 8%, and by 19:46 Moscow time the price reached $94.74 per barrel — a decline of 8.55% from the previous settlement price. The data was reported by Life.ru.
Trading dynamics
The fall in quotations accelerated within a few minutes: at 19:35 January contracts were trading at $96.88, down 6.49%; four minutes later the price dropped to $95.8, and seven minutes after that the $95 mark was breached. At the same time, American crude was also getting cheaper: December WTI futures fell by 7.58% to $88.81 per barrel. Thus, both major oil benchmarks showed a sharp decline; however, the cited data does not specify which events triggered the acceleration of the fall.
Context of the decline
The decline has been going on for several trading sessions: on November 2, Brent fell below $111 per barrel — January futures cost $110.11 for the first time since October 29, as Life.ru previously reported. As recently as late October, oil was trading above $113, after which quotations began to decline. Thus, over just a few days the price moved from a level above $113 to marks below $95, and the current decline has brought it to lows not seen since the beginning of September.
