COMMODITY
Crude oil futures settle lower on Friday
Dec-13-2025

Crude oil futures ended lower on Friday as investors focused on a supply glut and potential Russia-Ukraine peace deal. However, losses remained capped as the U.S. Treasury imposed new sanctions against three of Venezuelan President Nicolas Maduro's relatives as well as six companies shipping the South American country's oil. Meanwhile, a private report said Russia’s seaborne oil product exports in November fell by just 0.8% from October, with the completion of refinery maintenance helping to offset a slump in fuel exports from southern routes such as the Black Sea and Azov Sea.

Benchmark crude oil futures for January decreased 16 cents or 0.28% at $57.44 a barrel on the New York Mercantile Exchange. Brent crude for February delivery declined 16 cents or 0.26% to settle at $61.12 a barrel on London's Intercontinental Exchange.


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