Oil
Oil Prices Fall to Lowest Level in Nearly a Month
CEII brief
8AM Media reported on 4 Nov 2026: Oil Prices Fall to Lowest Level in Nearly a Month.
Read the full story on 8AM MediaAccording to the report, Brent crude fell by $1.17, or one percent, to $103.60 per barrel, marking its lowest closing price since October 7.
Context from CEII
Crude benchmarks move budgets, currencies and inflation in producer and importer countries alike. For economies such as Nigeria, where fuels dominate exports, production and refining decisions move the whole economy.
9.5% of world merchandise exports were fuels in 2025Original reporting © 8AM Media. Headline and excerpt quoted with attribution; the full article is available on the publisher’s site. CEII’s context is the Centre’s own and does not represent the publisher.
