Oil Prices Dip Slightly, Market Stable
Update: 2025-12-23
Description
Oil prices experienced a slight dip in New York trading, with the front-month February contract settling at $57.80 per barrel, down $0.21 from the previous day. Nearby contracts also saw a decrease, with March and April contracts ending at $57.62 and $57.51 respectively. Despite the drop, volumes picked up and open interest remained high, reflecting steady demand and lingering supply chain concerns. Later contracts showed resilience, with December contracts holding steady. The market remains stable, with traders watching for afternoon volume and economic data to determine the next move.
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