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Indonesia News Portal for Traders | Financial & Business Updates

20 December 2025 03:33  |

Oil Futures End Down Week on Up Note

Crude futures settle higher on the day, but down in a week marked by geopolitical themes around Venezuela and Russia-Ukraine, while underlying concerns about oversupply keep sentiment bearish.

 "Crude futures remain in a holding trading pattern awaiting news of both Russia/Ukraine talks (that currently seemed stalled) and exactly how Venezuela's blockade is going to play out," Dennis Kissler of BOK Financial says in a note.

Those are support points, although "the reality remains that global supplies are well over the 5-year averages and on-the-water storage sets at record levels." WTI for January delivery goes off the board at $56.66 a barrel, up 0.9% for a 1.4% weekly loss.

Brent rises 1.1% to $60.47,and is 1.1% lower on the week. 

Source:MarketTalk.com

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