Oil prices drop by more than 3% due to Iran's peace talks; Brent approaches $109
2026-11-02 21:01:33
According to CoinMeta, oil prices fell by more than 3% due to peace talks between Iran, with Brent crude oil prices approaching $109, and WTI crude oil prices dropping below $100. Brent crude oil futures fell by $4.20, or 3.7%, to $109.23 per barrel at 09:00 Greenwich Mean Time (GMT), while US West Texas Intermediate (WTI) crude oil fell by $3.98, or 3.8%, to $100.14 per barrel. Although OPEC decided to maintain the production targets set for December, the market is paying attention to the negotiations between Iran and Qatari mediators, which has reduced concerns about an escalation of tensions.
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Source:Coinpaper
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