Brent Crude Oil settled at $108.43 on November 2, 2026, a decline of 4.39% over the prior 24 hours. The move extended a difficult stretch for the benchmark, which has now shed 5.74% over the past seven days.
Despite the near-term weakness, the broader monthly picture tells a different story. Brent has gained 6.29% over the past 30 days, indicating that the recent pullback is occurring against a backdrop of longer-term price strength.
The daily and weekly losses suggest selling pressure has intensified in recent sessions, though the commodity remains well above levels seen a month ago. Market capitalization data is not available for this commodity.
The divergence between the 30-day gain and the sharper short-term declines points to elevated volatility in the crude oil market heading into the first days of November 2026.
