Oil falls almost USD2

PSX Update • Oct 28, 2026

HOUSTON: Oil futures settled down by almost USD2 a barrel on Tuesday, though prices remain near six-month highs due to the disruption of shipping around the Middle East, and an agreement to end the US-Israeli war with Iran remains elusive. Brent crude futures...

HOUSTON: Oil futures settled down by almost USD2 a barrel on Tuesday, though prices remain near six-month highs due to the disruption of shipping around the Middle East, and an agreement to end the US-Israeli war with Iran remains elusive. Brent crude futures settled down USD1.93, or 1.67 percent, at USD113.88 a barrel. US West Texas Intermediate crude settled down USD1.86, or 1.83 percent, at USD99.90. Iranian Secu...