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Brent crude for January fell 7.6% to $104.77 a barrel and WTI for December settled down 7.4% at $96.46. Both benchmarks posted their biggest one-day percentage declines since July 27.
The settlement moves confirm a sharp repricing of crude on peace hopes, lowering energy input costs for feed manufacturing and freight. The move is a price-reporting follow-up to the same session.
wsj.comFarhan Rafid, Anthony HarrupNov 2, 2026Not enough comparable past events yet for a historical read.
Not 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.
