Oil prices fall 1.5%; Brent December contract drops below $114

[Attaqa] Oil prices fell about 1.5% during trading on Thursday, October 29, 2026, giving up gains from the previous session as markets watched developments in the Middle East, according to Attaqa. Hopes for peace talks eased renewed concerns over Middle East supply disruptions caused by escalating regional conflict. The report said U.S. Vice President JD Vance was pursuing related efforts. The December Brent crude contract traded below $114 a barrel.