Oil Prices Plummet: OPEC Plus Meeting & Ukraine Conflict
Update: 2025-11-28
Description
Oil prices experience longest monthly losses in over two years, with Brent crude holding steady above sixty-three dollars and WTI near fifty-nine dollars. OPEC Plus nations likely to pause output increases in early 2026, while global surplus expectations drive Brent oil down fifteen percent this year. Russian President Putin hints at openness to talks for ending the war, potentially easing Western sanctions and releasing previously limited supplies to major buyers.
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