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(26 Nov 2025, 17:49)

WTI crude oil trades around $58 per barrel


WTI crude traded with mild gains near $58 per barrel on Wednesday, supported by a 1.9-million-barrel US inventory draw but pressured by signs of progress toward a Ukrainian peace deal that could lift restrictions on Russian crude and add to global supply. A potential resolution raises concerns about a deeper oil glut as production continues to outpace demand. The dollar index stayed below 100 after weak US economic data boosted expectations of a December Fed rate cut, offering some support to commodities. Retail sales rose less than expected and consumer confidence fell in November, indicating softer US demand.
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