Oil prices have fallen since October 27th, following the release of the UK Budget.
Brent Crude fell from $67.44 per barrel to $65.87 per barrel on October 27th, the day that Rishi Sunak announced his budget as Chancellor of the Exchequer. This was due to a lower than expected tax increase on petrol and diesel, which is believed to have led to a drop in demand for oil. The Brent Crude price has fallen even further since then, dropping to $62.70 per barrel on October 29th.
