Brent Crude Falls 7.47% in Midday Snapshot as Iran Talks Continue

Brent crude futures fell $8.47, or 7.47%, to $104.96 a barrel in a 12:24 p.m. ET (17:24 UTC) snapshot Monday, Nov. 2. Separately, United Airlines shares rose 4.8% and Southwest Airlines shares gained 3.6% during Monday’s U.S. session. West Texas Intermediate (WTI) crude fell $7.50, or 7.2%, to $96.62 a barrel in the same oil-price snapshot. The airline share changes were reported for the session, while the crude prices were recorded at a specific time. Iranian Foreign Minister Abbas Araghchi said consultations through Qatar and Pakistan were continuing.