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Oil prices slip amid drawn-out Russia-Ukraine peace talks; investors keep eye on OPEC+meeting
Business World Philippines
|December 01, 2025
Crude futures fell marginally on Friday as investors considered oil’s geopolitical risk premium amid drawn-out Russia-Ukraine peace talks, while keeping an eye on Sunday's Organization of the Petroleum Exporting Countries and allies (OPEC+) meeting for clues about potential output changes.
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US West Texas Intermediate (WTI) crude futures resumed trading after being frozen due to a system outage at exchange operator CME Group, blamed on a cooling issue at CyrusOne data centres. Brent trades on the Intercontinental Exchange, or ICE.
Front-month Brent crude futures for January, which expire on Friday, settled down 14 cents, or 0.22%, at $63.20 a barrel. The more active February contract settled at $62.38, down 49 cents on Thursday’s close.
WTI crude settled at $58.55 a barrel, down 10 cents, or 0.17%, from Wednesday's close. There was no settlement on Thursday due to the Thanksgiving holiday in the US.
Cette histoire est tirée de l'édition December 01, 2025 de Business World Philippines.
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