Oil prices fell on Wednesday (December 31st), posting a nearly 20% annual loss, as expectations of oversupply grew in a year marked by war, higher tariffs, increased OPEC+ production, and sanctions against Russia, Iran, and Venezuela. Brent crude futures fell about 19% in 2025, the most substantial annual percentage decline since 2020 and the third consecutive year of losses, the longest streak on record. U.S. West Texas Intermediate (WTI) crude posted a nearly 20% annual decline. On the final day of the year, Brent futures closed at $60.85 per barrel, down 48 cents, or 0.8%. U.S. WTI...
World oil prices stabilized on the first trading day of 2026 after experiencing a sharp decline throughout last year. West Texas Intermediate (WTI) crude traded above US$57 per barrel, while Brent, the global benchmark, closed below US$61 per barrel. This price stability follows a weakening prior to the New Year holidays. Market participants' attention is now focused on the OPEC+ meeting, which will be held virtually on January 4. Major countries such as Saudi Arabia and Russia are expected to maintain their previous decision to temporarily halt oil supply increases. This policy was taken...
Gold prices rose in early Asian trading amid growing geopolitical concerns in the Middle East. This increase occurred as tensions between Saudi Arabia and the United Arab Emirates escalated in recent days, prompting investors to seek safe haven assets like gold. The situation escalated after Saudi Arabia warned its Gulf rivals against threatening its security. The kingdom asserted it would take all necessary steps to address potential threats. This strong statement sparked concerns about a possible escalation of conflict in the strategic region. According to Bas Kooijman, CEO and asset...