Monday, 21 July 2025
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Crude Oil Prices End Lower
Tuesday, 26 November 2024 06:42 WIB | OIL |Minyak WTIbrent oilCrude Oil

WTI crude futures fell 3.2% on Monday, settling at $68.90 a barrel, following a report suggesting Israel and Hezbollah may be close to reaching a ceasefire deal within days. Traders cautiously viewed the news as a positive sign, but doubts persisted due to the failure of previous ceasefires. Attention also turned to escalating Ukraine-Russia tensions.

In other developments, Iran announced plans to expand its nuclear fuel output following criticism from the UN atomic watchdog, preparing for potential sanctions under a possible second Trump administration. Meanwhile, Azerbaijani Energy Minister Parviz Shahbazov indicated that OPEC+ may maintain current oil production cuts starting Jan. 1, as the group continues to delay planned output increases due to demand concerns. The next OPEC+ meeting is scheduled for Dec. 1 and will be held online.

Source: Trading Economics

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