Brent Crude Closes at $110.23

Al-Taj News – Brent crude futures prices closed on Tuesday, with the price per barrel settling at 110.23 US dollars, recording a slight increase of 0.03 dollars, representing a growth rate of approximately 0.03% compared to the previous close at 110.20 dollars; this comes after the delivery contract was officially rolled over on October 25 to the January 2027 contract (01/2027), with physical settlement set for the upcoming November 30.

Technical data derived from live trading screens showed that prices moved within a very narrow, cautious daily range between a low of 110.22 dollars and a high of 110.53 dollars, after opening the session at 110.27 dollars; the session witnessed immense momentum, with trading volume reaching 292,273 contracts at a standard contract size of 1,000 barrels, allowing prices to maintain their strong position in the upper half of the 52-week range, which spans between a low of 58.72 dollars and a peak of 126.41 dollars.