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Brent futures fell 2.8 percent to $113.40 a barrel in the week ending October 31, snapping a four-week rally. Brent opened lower on Monday and traded in a narrow range of $109 to $112.50 before rising above $112.50 on Friday.
Domestic MCX crude rose 1.4 percent to a fifth consecutive weekly gain.
The technical analysis describes a sideways range between $106 and $116 with no new supply or demand driver. Traders should expect range-bound crude trading unless prices break out of that band.
thehindubusinessline.comAkhil NallamuthuOct 31, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
