Oil prices slide 4% on US-Iran de-escalation. Where are they headed in the near term? by Live mint | February 2, 2026 12:14 pm | Indian Stocks, Market, News Brent crude futures fell $2.81, or 4.1%, to $66.51 a barrel, while US West Texas Intermediate dropped $2.70, or 4.1%, to $62.51 a barrel.