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27.10.2025 12:00:00

Oil Prices Dip As Oversupply Concerns Mount

Oil prices gave up earlier gains to turn 1% lower on Monday amid profit-taking following last week’s rally.  As of 7:13 a.m. ET, the U.S. benchmark, WTI Crude, traded 0.81% lower at $60.98. The international benchmark, Brent Crude, was down by 0.83% on the day at $65.41.   Oil rallied by nearly 8% last week after the Trump Administration imposed sanctions on Russia’s two biggest oil producers and refiners, Rosneft and Lukoil, “as a result of Russia’s lack of serious commitment to a peace process to end the…Weiter zum vollständigen Artikel bei OilPrice.com