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Oil falls on drawn-out Ukraine peace talks, all eyes on upcoming OPEC+ meeting - REUTERS

NOVEMBER 29, 2025

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Summary

  • CME system resumes trading after outage
  • Brent, WTI in longest monthly losing streaks since 2023
  • US crude production hit monthly high in September, EIA says

HOUSTON, Nov 28 (Reuters) - Crude futures fell marginally on Friday as investors considered oil's geopolitical risk premium amid drawn-out Russia-Ukraine peace talks, while keeping an eye on Sunday's OPEC+ meeting for clues about potential output changes.
U.S. West Texas Intermediate crude futures resumed trading after being frozen due to a system outage at exchange operator CME Group, blamed on a cooling issue at CyrusOne data centres. Brent trades on the Intercontinental Exchange, or ICE.

MARKET NEWS

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