International oil prices retreated on October 26, with WTI crude down 1.46% and Brent crude down 0.78%.

International oil prices declined on October 26. By the end of the trading day, the price of light crude oil futures for November delivery on the New York Mercantile Exchange fell by $1.51, closing at $101.76 per barrel, a decrease of 1.46%. Meanwhile, Brent crude oil futures for December delivery on the London market slipped by $0.91, closing at $115.81 per barrel, a decline of 0.78%.This downward trend in international oil prices is related to recent changes in supply and demand expectations in the crude oil market, concerns about the global economic outlook, and other multiple factors. The subsequent movement of crude oil prices will continue to be influenced by geopolitical developments and policy adjustments by major oil-producing countries.