
WTI and Brent falling on international markets
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The price of oil is falling on international markets, with a slowdown in the rate of decline after the drop of more than 8% recorded yesterday.
The price of oil is still falling on international markets, although the pace of its fall is slowing down after the drop of more than 8% recorded yesterday.
The American WTI contract for December falls by 0.7% to 87.5 dollars a barrel, the Brent one for January loses 0.18% to 94.45 dollars a barrel.

The price of gas starts to decline. In Amsterdam, prices recorded a decline of 3.9% to 84.66 euros per megawatt hour. Industry operators monitor climate conditions and geopolitical tensions in the Middle East.

Oil closes sharply lower in New York after the Democratic victory in the midterm elections: the WTI drops 8.26% to 88.15 dollars, while Brent drops 8.59% to 94.70 dollars, fueling expectations of an end to the US war on Iran.
The closure of the Strait of Hormuz and the war in Iran cost Europe 127 billion euros more in energy, without increasing volumes. This was stated by the President of the EU Commission Ursula von der Leyen.

Natural gas on the Amsterdam TTF market returns above 92 euros per MWh, with December futures falling by 2.5% to 92.46 euros. European inventories fall to 74.56% (844.25 TWh), while Italy resists at 91% with 185.11 TWh, confirming itself as the country with the largest reserves.

Cna research presented in Bologna on November 3 shows that 42% of Italian companies have not considered the electrification of production processes. Costs, payback times, lack of skills and difficulties in accessing financing are the main obstacles to the spread of heat pumps.

According to McKinsey's Global Energy Perspective 2026, renewables are growing at record rates and investments in low-emission technologies exceed those in fossil fuels for the second consecutive year, but oil, gas and coal continue to satisfy increasing global demand (+2.7% in 2025), with coal at a new consumption record. Geopolitics, artificial intelligence and infrastructure bottlenecks risk pushing decarbonisation away from international climate goals.