The price of Brent oil for the first time in 2 months fell below $ 90 per barrel
Oil prices continue to adjust after U.S. President Donald Trump's statements eased fears of prolonged disruptions to Middle East energy supplies
The price of January futures for Brent crude oil at auction on Tuesday, November 10, decreased on the London exchange ICE Futures by 3.14% and at a minimum reached $89.66 per barrel. The previous time below $90 per barrel, oil was traded on August 31, 2026.
Market participants expect a decrease in tensions in the Middle East, explained the fall in oil prices head of information and analytical content “Alfa-Investments” Vasily Karpunin.
Donald Trump’s reluctance to resume strikes on Iran amid talks has reduced concerns about oil supply disruptions. In addition, after the victory of the Democrats in the elections to the US Congress, the risks of escalation have decreased. As a result, part of the geopolitical prize began to leave the quotations, the expert explained.
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