At the close, NYMEX December light sweet crude futures fell $1.51 to settle at $101.76 a barrel, down 1.46%. London Brent December futures fell $0.91 to $115.81 a barrel, down 0.78%.

U.S. Treasury Secretary Bessent said President Trump’s tax, trade and regulatory policies are removing barriers to firms building plants, investing and hiring in the U.S. Year-to-date manufacturing payrolls are up about 72,000, after a loss of more than 200,000 in President Biden’s final two years. Real weekly pay for blue-collar manufacturing workers has risen 3.5% in inflation-adjusted terms since President Trump took office.

Russia and Ukraine agreed a temporary ceasefire in Aleshki, Kherson region, effective 04:00 Moscow time/03:00 Kyiv time on Oct. 27 (09:00 Beijing time), to open a humanitarian corridor for aid deliveries and civilian evacuations. Kremlin spokesman Peskov said on Oct. 26 the Aleshki pause could set a precedent, but warned that resuming Russia–US–Ukraine trilateral talks expected in November does not constrain Russian forces, which will continue to strike Ukrainian targets.