{"id":16321,"date":"2025-12-09T09:47:45","date_gmt":"2025-12-09T09:47:45","guid":{"rendered":"https:\/\/roydadnaft.ir\/English\/?p=16321"},"modified":"2025-12-09T09:47:45","modified_gmt":"2025-12-09T09:47:45","slug":"global-crude-oil-prices-today-december-9-2025-brent-crude-falls-to-62-42","status":"publish","type":"post","link":"https:\/\/roydadnaft.ir\/English\/16321\/","title":{"rendered":"Global Crude Oil Prices Today (December 9, 2025) \/ Brent Crude Falls to $62.42"},"content":{"rendered":"

RoydadNaft – <\/a><\/span>\u00a0Oil prices edged down on Tuesday, extending losses from the 2% drop in the previous session, with markets keeping a close eye on peace talks to end Russia’s war in Ukraine, concerns about ample supply and a looming decision on U.S. interest rates.<\/p>\n

Brent crude futures were down 7 cents, or 0.1%, to $62.42 a barrel at 0717 GMT. U.S. West Texas Intermediate crude was at $58.75, down 13 cents, or 0.2%.<\/p>\n

Both contracts fell by more than $1 a barrel on Monday after Iraq restored production at Lukoil’s West Qurna 2 oilfield, one of the world’s largest.
\nUkraine will share a revised peace plan with the U.S. after talks in London between its President Volodymyr Zelenskiy and the leaders of France, Germany and Britain.
\n“Oil is keeping to a tight trading range until we get a better idea of which way the peace talks will go,” KCM Trade chief market analyst Tim Waterer said.<\/p>\n

“If the talks break down, we expect oil to move higher, or if progress is made, and there is a likelihood of Russian supply to the global energy market resuming, prices would be expected to drop,” he added.<\/p>\n

According to sources familiar with the matter, the Group of Seven countries and the European Union are in talks to replace a price cap on Russian oil exports with a full maritime services ban in a bid to reduce Russia’s oil revenue.<\/p>\n

Some analysts were watching for clues on supply in the next International Energy Agency report.<\/p>\n

“The next (market) driver is likely to be the IEA monthly oil market report for December, released on 11 December, which it has predicted a record surplus in the oil market in 2026, highlighted in previous outlook reports,” said OANDA senior market analyst Kelvin Wong.<\/p>\n

If the IEA continues to flag surplus risk in the oil market in its December report, WTI crude could drift downwards to test the range support zone at $56.80 to $57.50 a barrel, he added.<\/p>\n

Also on the radar is the Federal Reserve’s policy decision due on Wednesday, with markets pricing in an 87% probability of a quarter-point rate reduction.<\/p>\n

Lower interest rates typically are a positive driver for oil demand given the decrease in borrowing costs, though some analysts were cautious about how much impact this could have on oil prices for now.<\/p>\n

“Although markets are largely invested in upcoming FED policy decision on Wednesday for a possible 25bp cut, something that could lend short-term support at the lower end of the $60\u201365 band, the broader price structure remains anchored by expectations of an oversupplied 2026 (oil market),” said Phillip Nova’s senior market analyst Priyanka Sachdeva.<\/p>\n

Updated on