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Oil prices gain 1% on bets Fed will cut US rates
Business World Philippines
|November 26, 2025
Oil prices climbed about 1% on Monday on increased bets of a US interest rate cut in December and mounting doubts about whether Russia will get a peace deal with Ukraine that will boost Moscow’s oil exports.
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Brent futures rose 81 cents, or 1.3%, to settle at $63.37 a barrel. West Texas Intermediate (WTI) crude gained 78 cents, or 1.3%, to settle at $58.84.
On Friday, both crude benchmarks closed at their lowest levels since Oct. 21.
The US and Ukraine sought to narrow the gaps in a peace plan to end the Russia-Ukraine war after a US proposal that Kyiv and its European allies viewed as a Kremlin wish list.
Recent price weakness was driven mainly by reported progress in Ukraine-Russia peace negotiations, analysts at energy advisory firm Ritterbusch and Associates said in a note.
Diese Geschichte stammt aus der November 26, 2025-Ausgabe von Business World Philippines.
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