{"id":16352,"date":"2025-12-12T07:15:31","date_gmt":"2025-12-12T07:15:31","guid":{"rendered":"https:\/\/roydadnaft.ir\/English\/?p=16352"},"modified":"2025-12-12T07:15:31","modified_gmt":"2025-12-12T07:15:31","slug":"global-crude-oil-price-today-december-12-2025-brent-oil-price-climbs-to-61-71","status":"publish","type":"post","link":"https:\/\/roydadnaft.ir\/English\/16352\/","title":{"rendered":"Global Crude Oil Price, Today (December 12, 2025) \/ Brent Oil Price Climbs to $61.71"},"content":{"rendered":"

RoydadNaft – <\/a><\/span>\u00a0Brent crude futures rose 43 cents, or 0.70%, to $61.71 per barrel. U.S. West Texas Intermediate (WTI) crude futures also gained 43 cents, or 0.75%, settling at $58.03 per barrel.<\/p>\n

Oil prices edged higher on Friday amid fears of potential supply disruptions from Venezuela, though benchmarks remain on track for a weekly drop of more than 3% as traders balance hopes for a Russia-Ukraine peace deal against persistent surplus forecasts.<\/p>\n

The rebound followed the U.S. seizure of a tanker loaded with Venezuelan crude earlier this week, escalating tensions with President Nicolas Maduro\u2019s regime. Sources told Reuters that Washington is preparing to intercept additional vessels off Venezuela\u2019s coast, raising alarms over broader export curbs from the OPEC member.<\/p>\n

\u201cAfter offloading positions on bets that supply pressures would ease amid Russia-Ukraine peace hopes, buyers jumped in to curb losses following the Venezuelan tanker seizure,\u201d said Hiroyuki Kikukawa, chief strategist at Nissan Securities Investment. He warned that WTI could slide toward $55 if substantive peace talks gain traction next week.<\/p>\n

Both Brent and WTI benchmarks fell about 1.5% on Thursday, prolonging a weekly downtrend driven by risk-averse sentiment and a murky oil market outlook, according to ANZ Research. The Federal Reserve\u2019s recent rate cut and Chair Jerome Powell\u2019s unexpectedly dovish remarks have clouded expectations for future U.S. monetary policy.<\/p>\n

The International Energy Agency\u2019s latest report estimates a 2026 supply surplus of 3.84 million barrels per day (bpd)\u2014down from November\u2019s 4.09 million bpd projection\u2014while OPEC data points to a near balance between supply and demand, clashing with glut warnings from other forecasters.<\/p>\n

Last week\u2019s U.S. Energy Information Administration (EIA) figures revealed a smaller-than-expected draw in crude inventories alongside sharp builds in fuel stocks, further weighing on sentiment.<\/p>\n

On the geopolitical front, leaders from Britain, France, and Germany held a call with U.S. President Donald Trump on Wednesday to endorse Washington\u2019s renewed peace initiatives in Ukraine, describing it as a \u201ccritical moment.\u201d Tensions flared Thursday, however, as Ukrainian drones struck a Lukoil oil platform in the Caspian Sea for the first time, halting production at the Russian company\u2019s facility, according to Ukraine\u2019s Security Service.<\/p>\n

With markets watching next week\u2019s negotiations closely, this tentative recovery highlights oil\u2019s precarious balance between supply risks and demand uncertainties.<\/p>\n

Updated on