Baku 5° C
Brent crude rises to $61.71 per barrel
Energy
- 12 December, 2025
- 10:18
Oil prices rose on Friday morning after falling to their lowest since October in the previous session, Report informs referring to trading data.
The price of February Brent crude oil futures on London's ICE Futures exchange rose by $0.43 (0.7%) to $61.71 per barrel.
WTI crude oil futures for January in electronic trading on the New York Mercantile Exchange (NYMEX) rose by $0.44 (0.76%) to $58.04 per barrel.
Both futures have fallen more than 3% since the start of the week. The main negative factor for them is expectations of a record global fuel supply surplus. The day before, the International Energy Agency (IEA) broadly confirmed its forecast that oil supply will exceed demand by approximately 4 million barrels per day in 2026.
Author
Latest News
18:04
Iran signals readiness for energy co-op with US following sanctions removal
Other countries17:57
Paris FC set to sign Ciro Immobile from Bologna
Football17:46
Araghchi: US must guarantee no new attacks on Iran
Region17:25
Credit investments in Azerbaijan's economy rise by over 9%
Finance17:11
Blast reported at building in Iran's Gulf port city, cause unclear
Other countries16:51
Azerbaijan boosts asphalt production by over 30%
Industry16:20
Net domestic assets of Azerbaijani banks grow by 21% YoY
Finance16:01
Nottingham Forest reach full agreement to sign out-of-favor Man City goalkeeper
Football15:41