International oil prices plummeted on November 2, with New York crude oil dropping 7.36% and Brent crude falling 7.63%.

International oil prices showed a significant decline on November 2. By the close of the trading day, the New York Mercantile Exchange's light crude oil futures for December delivery fell by $7.66, closing at $96.46 per barrel, a decrease of 7.36%. London Brent crude oil futures for January delivery of the following year dropped by $8.66, ending at $104.77 per barrel, a decrease of 7.63%. The sharp downturn in oil prices was related to various market factors, including market adjustments to crude oil demand expectations and the impact of monetary policy trends of relevant economies on commodity prices. This also eased the recent pressure of high levels in the global energy market to some extent.