# Crude Check: Rally may take a breather  - The HinduBusinessLine

> 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.

- Date: 2026-10-31 · published 2026-11-01T06:08:57.232Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/4140-crude-check-rally-may-take-a-breather-the-hindubusinessline
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

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.

## Read by commodity

- BRENT: neutral

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/portfolio/commodity-analysis/crude-check-rally-may-take-a-breather/article71648912.ece

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.