In early Asian trading on November 2, 2026, global oil prices slid more than 1% according to the Saudi Press Agency.
Brent futures fell 1.33%, trading at $111.92 a barrel, while U.S. West Texas Intermediate dropped 1.71% to $102.34 a barrel.
The decline followed a broader downward trend seen across global energy markets during the same session.
Saudi officials noted that the fractional drop reflects continuing supply pressures and market volatility, but the agency did not specify any further catalysts.
Both benchmark contracts reflected over a 1% fall, underscoring the sustained bearish sentiment in the energy sector during the early trading window.
