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Oil falls 2% on looming supply glut
The Sunday Guardian
|December 28, 2025
Oil prices settled more than 2% lower on Friday as investors weighed a looming global supply glut, while also keeping an eye on a potential Ukraine peace deal ahead of talks this weekend between Ukrainian President Volodymyr Zelenskiy and USS.
President Donald Trump.Brent crude futures settled down $1.60 or 2.57% to $60.64 per barrel. U.S. West Texas Intermediate (WTI) crude settled down $1.61 or 2.76% to $56.74.
While supply disruptions have helped oil prices rebound in recent sessions from their near five-year low on December 16, they are on track for their steepest annual decline since 2020. Brent and WTI are down 19% and 21% respectively on the year, as rising crude output caused concerns of an oil glut heading into next year.
Esta historia es de la edición December 28, 2025 de The Sunday Guardian.
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