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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.
OIL POSTS LONGEST LOSING STREAK SINCE 2023
Dit verhaal komt uit de December 01, 2025-editie van Business World Philippines.
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