{"id":16157,"date":"2025-11-24T09:14:26","date_gmt":"2025-11-24T09:14:26","guid":{"rendered":"https:\/\/roydadnaft.ir\/English\/?p=16157"},"modified":"2025-11-24T09:14:26","modified_gmt":"2025-11-24T09:14:26","slug":"world-crude-oil-prices-today-november-24-2025-brent-oil-price-fell-to-62-53","status":"publish","type":"post","link":"https:\/\/roydadnaft.ir\/English\/16157\/","title":{"rendered":"World crude oil prices today (November 24, 2025) \/ Brent oil price fell to $62.53"},"content":{"rendered":"

RoydadNaft – <\/a><\/span>\u00a0Oil prices took a breather on Monday after last week’s fall of about 3%, as investors weighed the chances for a U.S. rate cut against the prospect of a Russia-Ukraine deal that could free up more Russian supply through an easing of sanctions.<\/p>\n

The United States and Ukraine were set to resume work on a revised plan for the peace deal ahead of a Thursday deadline set by U.S. President Donald Trump, after having agreed to adjust an earlier version that critics said was too favourable to Moscow.<\/p>\n

Brent crude futures fell 3 cents, or 0.05%, to $62.53 per barrel by 0716 GMT, while West Texas Intermediate was down 7 cents, or 0.12%, at $57.99 a barrel. Both benchmarks hit their lowest settlements since October 21.<\/p>\n

“The selloff was triggered mainly by President Trump\u2019s forceful push for a Russia-Ukraine peace deal, which markets see as a fast track to unlocking substantial Russian supply,” IG analyst Tony Sycamore wrote in a note.<\/p>\n

Moves towards a deal far outweighed the near-term disruption from U.S. sanctions on state-owned Rosneft and private firm Lukoil that took effect on Friday, he added.<\/div>\n

The sanctions have stranded nearly 48 million barrels of Russian crude at sea.<\/p>\n

Trump has set a deadline of Thursday for the deal, though European leaders are pushing to improve it.<\/p>\n

A peace deal could roll back sanctions that have curbed Russian oil exports. Russia was the second-largest producer of crude oil in the world after the United States in 2024, according to the U.S. Energy Information Administration.<\/p>\n

Uncertainty regarding U.S. interest rate cuts is another factor suppressing investors’ appetites.<\/p>\n

However, the possibility of a rate cut next month increased after New York Federal Reserve President John Williams suggested a cut in the near term.<\/div>\n

“Expectations of a potential Fed rate cut in December may also provide a counterbalance to bearish sentiment by improving global risk appetite,” said Sugandha Sachdeva, founder of SS WealthStreet, a New Delhi-based research firm.<\/p>\n

“Crude prices have already declined nearly 17% this year, reflecting persistent negative sentiment … at these lower levels, value buying is expected to gradually emerge.”<\/p>\n

Updated on