Brent Crude Falls 7.3% to $94 a Barrel in Nov. 9 Update

Brent crude fell 7.3% to $93.82 a barrel by 2:51 p.m. ET Monday (19:51 UTC), extending a sharp move in energy markets with potential relevance for inflation expectations, interest-rate outlooks and crypto-market sentiment. An earlier market update put Brent at $96 a barrel, down 5.2% from the prior session’s close. The newer quote was lower, while both reported declines use the previous trading session’s close as their comparison point. The latest update rounded the price to $94 a barrel in its headline and identified the instrument as XBRUSD. The price move puts crude in view for investors tracking energy markets and the possible connection to inflation expectations, interest rates and crypto sentiment. The 2:51 p.m.

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