Oil Prices: Sharp Drop to Lowest Level in a Month Amid Ukrainian Peace Expectations

Brent crude fell to $61.62 per barrel, while West Texas Intermediate dropped to $57.67, marking their lowest levels in a month.

EcoPulse24 News Desk By EcoPulse24 News Desk Published: 11/24/2025, 05:13:55 UTC Updated: 12/12/2025, 11:59:09 UTC
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Oil Prices: Sharp Drop to Lowest Level in a Month Amid Ukrainian Peace Expectations
Oil Prices Hit One-Month Low Amid Peace Hopes

Brent crude fell to $61.62 per barrel, while West Texas Intermediate dropped to $57.67, marking their lowest levels in a month. Prices declined by about 1% on Friday as expectations of a supply surplus of 2.2 million barrels per day strengthened.

The drop reflects growing expectations of increased supply, fading geopolitical supply risks, and increased media coverage of progress towards a peace agreement between Russia and Ukraine with U.S. support. Markets fear that any peace agreement could lead to the full return of Russian oil exports, adding further pressure on prices.

Outlook: Weak readings in upcoming purchasing managers' data may deepen recession fears and destroy demand before leading to a technical rebound. Positive surprises could strengthen the dollar and increase downward pressure on oil.

Sources & References
OilPrice.com, Investing.com
Editorial Note
Edited & Reviewed by the Ecopulse Editorial Board 12/12/2025, 11:59:09 UTC
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