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25/12/2025 04:50 AST
Oil prices witnessed slight gains on Wednesday, extending the advances made in the previous session, supported by strong economic growth in the United States and concerns over potential supply disruptions from Venezuela and Russia.
Brent crude futures rose by four cents, or 0.06 percent, to $62.42 per barrel, while US West Texas Intermediate crude increased by three cents, or 0.05 percent, to $58.41 per barrel.
Oil prices climbed by more than two percent on Monday, with Brent crude posting its largest daily gain in two months, while West Texas Intermediate recorded its biggest rise since November 14. Oil prices also rose by more than 0.5 percent Tuesday.
The Bureau of Economic Analysis at the US Department of Commerce said in its preliminary estimates of gross domestic product for the third quarter of the year, released yesterday, that the US economy grew at a faster pace than expected, driven by strong consumer spending.
QNA
| Ticker | Price | Volume |
|---|
| (In US Dollar) | Change | Change(%) | |
|---|---|---|---|
| Brent | 60.55 | 0.84 | 1.41 |
| WTI | 56.56 | 0.5 | 0.89 |
| OPEC Basket | 60.06 | 0.5 | 0.84 |
19/12/2025
Oil prices rose slightly on Thursday as investors assessed the likelihood of further US sanctions against Russia and the supply risks posed by a blockade of Venezuelan oil tankers.
Brent cru
Asharq Al Awsat
10/12/2025
Oil prices edged down on Tuesday, extending losses from the 2% drop in the previous session, with markets keeping a close eye on peace talks to end Russia's war in Ukraine and a looming decision on U
Asharq Al Awsat
03/12/2025
OPEC+ members will undergo an annual assessment of their oil production capacity starting next year for use in 2027, OPEC+ sources said, to ensure that the group sets output quotas that are more clos
Reuters
01/12/2025
Ministers of the Organization of the Petroleum Exporting Countries and allied nations (OPEC+) are expected to keep current output levels unchanged when they meet for online meetings on Sunday, analys
Khaleej Times
24/11/2025
At the heart of the US shale industry in Texas, oil production is climbing. But you wouldn't know that if you talked to Mark Waters, who owns a store that sells tools and safety equipment to oil firm
Reuters
Financial Information Co.
Saudi Arabia