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Oil prices fall below $92

10 November 2026 09:27 (UTC +04:00)

Oil prices continued to decline on global markets, APA-Economics reports.

On the ICE London exchange, the price of Brent crude oil futures for January 2027 decreased by $0.94, or 1.02%, to $91.63 per barrel.

On the New York Mercantile Exchange (NYMEX), the price of WTI crude oil futures for December 2026 fell by $1.04, or 1.20%, to $85.81 per barrel.

According to analysts, the main reason for the decline in oil prices is expectations of easing military tensions between the United States and Iran. US President Donald Trump's statement that the likelihood of new military strikes against Iran is low has eased concerns about disruptions to oil supplies from the Middle East.

At the same time, forecasts that global oil supply will exceed demand are also putting pressure on prices. According to JPMorgan analysts' estimates, global oil supply exceeded demand by 1.4 million barrels per day in October.