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Oil prices sink to seven-year low as surplus fears and Ukraine peace hopes grow

U.S. crude oil prices fell to their lowest level since May on Tuesday, deepening a prolonged downturn that has put the market on track for its weakest annual performance in seven years. The decline reflects growing concerns over a looming supply surplus and shifting expectations around geopolitical risks, particularly the possibility of a peace agreement between Ukraine and Russia. West Texas Intermediate crude briefly dropped to $55.69 per barrel, while global benchmark Brent crude

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16 Dec 2025 10:55 AM 331 views

Oil prices sink to seven-year low as surplus fears and Ukraine peace hopes grow

U.S. crude oil prices fell to their lowest level since May on Tuesday, deepening a prolonged downturn that has put the market on track for its weakest annual performance in seven years. The decline reflects growing concerns over a looming supply surplus and shifting expectations around geopolitical risks, particularly the possibility of a peace agreement between Ukraine and Russia. West Texas Intermediate crude briefly dropped to $55.69 per barrel, while global benchmark Brent crude

Stock Market

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#opecplus

Oil prices sink to seven-year low as surplus fears and Ukraine peace hopes grow

Oil prices sink to seven-year low as surplus fears and Ukraine peace hopes grow

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PM Modi Invites Bangladesh PM Tarique Rahman To India After BNP Victory

The Psychological Benefits of Reading Aloud to Children

Pulkit Arya Gets Life for Ankita Bhandari Murder

Is Pursuing a Computer Science Degree in 2024 Still Worth It?

PM Modi Marks Constitution Day, Reaffirms Commitment to Constitution

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Trump family wealth drops by $1 billion amid steep cryptocurrency losses

SIT completes investigation of kcr after four and a half hours in phone tapping case

Watch Live Revanth Reddy Vs KCR Clash In Telangana Assembly Winter Session

Ram Charan's Daughter Gets Tigress Named After Her

#opecplus

Oil prices sink to seven-year low as surplus fears and Ukraine peace hopes grow

Oil prices sink to seven-year low as surplus fears and Ukraine peace hopes grow

PM Modi Invites Bangladesh PM Tarique Rahman To India After BNP Victory

The Psychological Benefits of Reading Aloud to Children

Pulkit Arya Gets Life for Ankita Bhandari Murder

Is Pursuing a Computer Science Degree in 2024 Still Worth It?

PM Modi Marks Constitution Day, Reaffirms Commitment to Constitution

Regulatory challenges in AI development

Trump family wealth drops by $1 billion amid steep cryptocurrency losses

SIT completes investigation of kcr after four and a half hours in phone tapping case

Watch Live Revanth Reddy Vs KCR Clash In Telangana Assembly Winter Session

Ram Charan's Daughter Gets Tigress Named After Her

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