Brent Crude Falls Below $103 a Barrel for First Time Since September 10

The price of Brent crude oil futures fell below $103 per barrel on London's Intercontinental Exchange (ICE), marking the first time the benchmark has dropped to this level since September 10, according to a report by Russian news agency TASS.

TASS reported that futures contracts for West Texas Intermediate (WTI) crude oil, the U.S. benchmark, for October delivery were down by 1.86% at the time of reporting.

The report did not provide additional details on the factors driving the price movement or specify the exact figures for either the Brent or WTI contracts beyond the percentage decline cited for WTI.

Brent crude serves as a global benchmark for oil pricing, while WTI is primarily used to price North American crude oil. Movements in these benchmarks are closely watched as indicators of global energy market conditions.