US EditionOil prices rise on geopolitical risks
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Oil hesitates between geopolitical tensions and surplus supply Admin FCE 05 Dec 2025 - 12:15 Oil prices fluctuate around equilibrium on Friday, the market waiting for an evolution of the discussions on the war in Ukraine and monitoring the progression of tensions between the United States and Venezuela.About 10:45 GMT (11:45 in Paris), the price of the Brent barrel of the North Sea, for delivery in February, was just 0.02% to $63.25.His US equiv…
World prices for WTI crude oil began to rise amid the Federal Reserve's interest rate cut and tensions between the US and Venezuela. This was reported by RBC-Ukraine with reference to the SBU Telegram. At the same time, the price of Brent crude oil fell by 3 cents, or 0.05%, to $63.23 per barrel. During the week, the contract remained generally stable. West Texas Intermediate futures fell by 10 cents, or 0.17%, to $59.57 per barrel, although the…
Oil prices rise on geopolitical risks
WTI crude was on track to close the week higher on Friday, buoyed by expectations of an upcoming U.S. Federal Reserve interest rate cut, rising tensions between Washington and Caracas, and stalled diplomatic efforts in Moscow. Despite the supportive environment, both major oil benchmarks recorded slight declines from the previous session. By 0400 GMT, Brent crude slipped 14 cents, or 0.2%, to trade at $63.12 per barrel, leaving its weekly perfor…
Prices were supported by the lack of progress in the negotiations on Ukraine. The post Oil is progressing appeared first on Business.
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