Oil Dips to $114.92 a Barrel on Middle East Diplomacy Hopes

Brent, the main world oil price, fell 40 cents, or 0.35%, to $114.92 a barrel on October 29, 2026, Reuters reported. Hopes for diplomacy in the Middle East war outweighed fears the fighting could widen. Brent has spent more time above $100 a barrel in 2026 than in any stretch since 2022, according to Dow Jones Market Data.