Global Oil Benchmarks Drop Over 3% as Brent Falls Below $110

Global crude oil benchmarks traded sharply lower across international exchanges, with both major contracts slipping over 3%. On London's ICE Futures Europe exchange, contracts for Brent crude for January 2026 delivery dropped 3.14% to settle at $109.87 per barrel. 

Concurrently, on the New York Mercantile Exchange (NYMEX), December 2026 futures for West Texas Intermediate (WTI) declined 3.33%, falling to $100.65 per barrel. 

N. Tebrizli