Oil prices strengthened on Monday, climbing more than 1%, as traders reacted to renewed geopolitical risks and OPEC+’s decision to keep production targets unchanged through the first quarter of 2026. Brent settled at $63.17, up $0.79, while WTI finished at $59.32, up $0.77. The market found support from a combination of fresh Ukrainian drone attacks […]

Crude futures slipped modestly on Friday as the market continued to weigh geopolitical risk against signs of ample global supply, while traders looked ahead to Sunday’s OPEC+ meeting for direction on early-2026 production levels. Brent’s expiring January contract settled at $63.20, down $0.14, while the more active February contract ended at $62.38. WTI settled at […]

Oil prices finished higher on Wednesday, recovering from one-month lows as traders balanced ongoing oversupply concerns with renewed attention on Russia-Ukraine peace discussions ahead of the Thanksgiving holiday in the U.S. Brent settled at $63.13, up $0.65, while WTI rose $58.65, up $0.70 on the day. The latest U.S. inventory report showed a 2.8 million-barrel […]

Oil prices moved lower on Tuesday, extending recent weakness as markets reacted to signals that U.S. diplomatic efforts to negotiate an end to the Russia-Ukraine war may be gaining traction. Brent settled at $62.48, down 89 cents, while WTI slipped to $57.95 also down 89 cents, with traders weighing the possibility that any progress toward […]

Oil prices moved higher on Monday, recovering some of last week’s losses as traders grew more confident that the Federal Reserve may deliver another rate cut in December while doubts mounted over the likelihood of a Russia-Ukraine peace deal materializing anytime soon. Brent rose $0.81 to $63.37, and WTI gained $0.78 to $58.84, with both […]

Oil prices slipped on Friday, settling at one-month lows as markets reacted to Washington’s renewed push for a Russia-Ukraine peace framework and uncertainty around the direction of U.S. interest rates. Brent fell $0.82 to $62.56, while WTI lost $0.94 to $58.06, with both benchmarks down about 3% for the week and back to levels last […]

Oil prices drifted lower on Thursday as the Trump administration intensified its push for Ukraine to consider a U.S.-drafted peace framework with Russia, raising the prospect of reduced geopolitical risk and eventually higher Russian oil flows. Brent slipped 13 cents to $63.38, while WTI fell 30 cents to $59.14. Prices had been higher earlier in […]

Oil prices fell on Wednesday as renewed diplomatic pressure from Washington to push Ukraine toward a negotiated end to the war raised the possibility of higher Russian oil flows returning to the market. Brent settled $1.38 lower at $63.51, while WTI fell $1.30 to $59.44, with both benchmarks down 2.1%. Sources said the U.S. has […]

Oil prices ended higher on Tuesday after a volatile session, with traders weighing the impact of Western sanctions on Russian oil flows alongside fresh signals on U.S. monetary policy. Brent settled up $0.69 at $64.89, while WTI added $0.83 to close at $60.74. Prices briefly jumped more than a dollar in afternoon trading after President […]

Oil prices eased slightly on Monday as export operations resumed at Russia’s Black Sea hub of Novorossiisk after a two-day suspension, easing immediate supply concerns triggered by last week’s Ukrainian drone strikes. Brent crude settled $0.19 lower at $64.20 per barrel, while WTI fell $0.18 to $59.91. Both benchmarks had gained more than 2% on […]