Brent crude oil prices fell below $100 per barrel, a level they had not reached since early October. After dropping 7.63% to $104.77 earlier in the week, crude oil continued its decline amid diplomatic discussions between the United States and Iran. West Texas Intermediate (WTI) also fell to around $95–$96 per barrel, indicating reduced concerns about potential supply disruptions in the Middle East. The probability of crude oil reaching a new all-time high by year-end fell to 9.5%, while OPEC’s production decisions remain a key factor for prices.
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