24/11/2025
Oil prices climbed nearly 1% on Monday as global markets leaned into expectations that the U.S. Federal Reserve could move on interest rates in December, a shift analysts say would stimulate demand and lift energy consumption. By mid-afternoon trading at 2:14 p.m. EST, Brent crude rose 78 cents, or 1.3%, to $63.34 per barrel, while West Texas Intermediate gained 77 cents, or 1.3%, to $58.83.
The uptick came despite renewed optimism about a potential Ukraine peace deal, which had earlier raised the possibility of eased sanctions on Russian crude, a development that typically pressures prices lower by increasing global supply.
Traders, however, appeared more focused on the possibility of a Fed policy shift, betting that looser financial conditions would underpin economic activity and support fuel demand heading into 2026.
