TASS reports that the price of the January Brent crude oil futures contract on the London ICE exchange slid under $111 a barrel for the first time since October 22, 2026, as of 5:14 a.m. Moscow time (03:14 a.m. UTC). The contract was trading at $110.68 per barrel, down 0.79% from the $110.98 level seen at 5:04 a.m. Moscow time (03:04 a.m. UTC). Earlier that morning, Brent had slipped 0.52% to $110.98 per barrel.
TASS noted that the dip comes amid broader market volatility linked to ongoing geopolitical tensions and supply‑side concerns. No other outlets have independently confirmed the precise figure, but the decline to $110.68 marks the first time the benchmark has fallen below the $111 threshold since late October. The reporting confirms that the lower level reflects a shift in market sentiment, though it does not yet indicate a sustained trend. TASS continues to monitor the market for further developments.
