Oil prices fall 1%, Brent December contract drops below $115

[Attaqa] Oil prices fell 1% during trading on Tuesday, October 27, 2026, extending losses for a second consecutive session amid moves to ease geopolitical tensions in the Middle East, according to Attaqa. The report said prospects of a resolution to the US-Israeli war on Iran, alongside ongoing talks in Tehran, eased supply concerns, even as Houthi attacks on Saudi Arabia resumed. The Brent December contract traded below $115.