Quantitative finance and markets
Brent settles above $115 as energy keeps pressure on central banks
Brent crude settled at $115.32 a barrel on Wednesday 28 October, overbought for the fourth time in five days. The Bank of Canada cited energy prices when it raised rates the same day.
Source published · In the Weekly Review of 1 November 2026
Brent crude rose 1.26% to settle at $115.32 a barrel on Wednesday 28 October, while West Texas Intermediate rose 2.88% to $102.78, back above $100.
The Bank of Canada, which raised its rate the same day, said inflation has risen in most countries with higher energy prices and refinery margins.