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Brent crude falls to $112.60 a barrel, down $3.26 in a day

Brent crude traded at $112.60 a barrel on the morning of November 2, 2026, down from the previous day but roughly $47 higher than a year earlier. Oil prices are driven mainly by supply and demand, and their moves feed directly into petrol prices.

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Brent crude traded at $112.60 a barrel on the morning of November 2, 2026, down from the previous day but roughly $47 higher than a year earlier. Oil prices are driven mainly by supply and demand, and their moves feed directly into petrol prices.

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