{"id":16132,"date":"2025-11-21T08:22:18","date_gmt":"2025-11-21T08:22:18","guid":{"rendered":"https:\/\/roydadnaft.ir\/English\/?p=16132"},"modified":"2025-11-21T08:22:18","modified_gmt":"2025-11-21T08:22:18","slug":"global-crude-oil-prices-today-november-21-2025-brent-falls-to-62-42","status":"publish","type":"post","link":"https:\/\/roydadnaft.ir\/English\/16132\/","title":{"rendered":"Global Crude Oil Prices Today (November 21, 2025) \/ Brent Falls to $62.42"},"content":{"rendered":"

RoydadNaft – <\/a><\/span>\u00a0Oil prices dropped 1.5% on Friday, marking the third consecutive session of declines, as the United States pushes for a Russia-Ukraine peace agreement that could boost global market supply. Meanwhile, uncertainty over interest rate cuts has curbed investor risk appetite.<\/p>\n

Brent crude prices\u2014after a 0.2% dip in the previous session\u2014fell another 96 cents, or 1.5%, to $62.42 per barrel by 7:30 a.m. GMT. WTI crude, following a 0.5% decline on Thursday, shed 1.8%, or $1.03, to reach $57.97 per barrel.<\/p>\n

Both contracts are on track for a weekly loss exceeding 2.5%, driven by fears of oversupply, which would erase most of last week\u2019s gains.<\/p>\n

Market sentiment turned bearish amid Washington\u2019s efforts to broker a peace plan between Ukraine and Russia to end the three-year war, even as U.S. sanctions against top Russian oil producers Rosneft and Lukoil take effect on Friday. Saxo Bank analysts noted in a client memo, referencing Ukrainian President Volodymyr Zelenskyy: \u201cWith Zelenskyy\u2019s agreement to collaborate on the U.S.- and Russia-proposed peace plan, alongside the U.S. sanctions on two of Russia\u2019s largest oil firms taking hold on Friday, oil prices continued their downward trajectory.\u201d<\/p>\n

However, some analysts expressed skepticism about the timeline for reaching a peace deal.<\/p>\n

ANZ analysts told clients in a note: \u201cA deal is far from certain.\u201d They added that Kyiv has repeatedly deemed Russia\u2019s demands unacceptable, stalling any progress.<\/p>\n

\u201cThe market is also doubtful about the effectiveness of the latest curbs on Russia\u2019s oil giants, Rosneft and Lukoil,\u201d the note continued.<\/p>\n

Lukoil has until December 13 to divest its vast international portfolio.<\/p>\n

A stronger U.S. dollar\u2014amid softer U.S. stock performance\u2014further pressured oil prices, as the dollar-denominated commodity becomes costlier for holders of other currencies.<\/p>\n

Kelvin Wong, senior market analyst at OANDA, told Reuters via email: \u201cThe oil market is likely to face multiple headwinds in the coming weeks.\u201d He pointed to indirect downward pressure via a negative feedback loop in U.S. equities, following a reversal in the S&P index\u2019s downtrend.<\/p>\n

Updated on