Brent Crude Oil Drops to 5-Week Low

2025-11-25 15:06 By Agna Gabriel 1 min. read

Brent crude oil futures fell more than 2.5% to $61.7 a barrel on Tuesday, the lowest in five weeks, as reports suggested Ukraine had agreed to terms of a revised peace deal aimed at ending the war with Russia.

President Zelenskiy said talks with the US are continuing, while Russia’s position remains unclear.

Negotiations in Geneva and parallel US–Russia meetings in Abu Dhabi reflect intense diplomacy, even as overnight airstrikes highlight ongoing tensions.

A potential end to the conflict could significantly affect oil markets because Russia, a major producer, faces heavy Western sanctions, and recent Ukrainian drone strikes on refineries have disrupted refined-fuel supplies.

Any increase in Russian output would add to a market already heading toward oversupply, as global producers ramp up production faster than demand.

Oil prices have declined this year and are set for a fourth consecutive monthly drop.



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