Global oil prices climbed sharply on Monday as renewed military tensions in the Middle East raised concerns about energy supplies and regional stability. Brent crude rose by more than $3 per barrel, while US crude also posted strong gains after fresh developments increased fears of a prolonged conflict affecting key oil-producing regions. Markets initially reacted […]
OPEC+ output
Oil prices record steepest annual drop
Oil prices fell sharply on Wednesday, logging an annual decline of nearly 20% as oversupply fears persisted amid sanctions, conflicts, and rising OPEC+ output throughout 2025. Brent crude futures closed at $60.85 per barrel on the last trading day of the year, down 48 cents, while US WTI crude fell 53 cents to $57.42 per […]