Brent crude for January delivery falls 1.1% to $103.60

The price of Brent crude oil for January delivery fell by 1.11% to $103.60 per barrel in London. This decline reflects a drop of $1.17 from the previous closing price of $104.77. Investors are closely watching the U.S. legislative elections, as the outcomes may influence whether the U.S. will pursue a diplomatic solution with Iran or resume military actions.