Crude oil futures rose in early US trading but fell sharply at the end of the year. The gradual withdrawal of OPEC+ from production cuts and an increase in non-OPEC production have heightened market concerns about oversupply in 2025, while US sanctions and recent geopolitical tensions in the Middle East, Russia, Ukraine, and Venezuela have caused frequent spikes in oil prices. Ritterbusch & Associates said in a report: “As floating offshore stocks gradually enter onshore facilities, the crude oil oversupply situation will be more transparent than most of the fall. “West Texas Intermediate oil rose 0.5% to $58.25 a barrel, and Brent crude oil rose 0.5% to $61.63 a barrel.

Crude oil futures rose in early US trading but fell sharply at the end of the year. The gradual withdrawal of OPEC+ from production cuts and an increase in non-OPEC production have heightened market concerns about oversupply in 2025, while US sanctions and recent geopolitical tensions in the Middle East, Russia, Ukraine, and Venezuela have caused frequent spikes in oil prices. Ritterbusch & Associates said in a report: “As floating offshore stocks gradually enter onshore facilities, the oversupply of crude oil will be more transparent than most of the fall. “West Texas Intermediate oil rose 0.5% to $58.25 a barrel, and Brent crude oil rose 0.5% to $61.63 a barrel.