Baku 16° C
Oil prices edge higher after previous day's strong gains
Energy
- 02 December, 2025
- 10:00
Oil prices posted slight increases following a solid rise the day before, Report informs, citing trading data.
February Brent futures on the London ICE Futures exchange rose by $0.06 (0.09%) to $63.23 per barrel. January WTI futures on the NYMEX electronic platform increased by $0.10 (0.17%) to $59.42 per barrel.
Market attention remains focused on Venezuela, a major oil producer. On November 29, US President Donald Trump stated that the airspace over and around the country had been closed, heightening concerns about regional stability.
Meanwhile, OPEC+ ministers confirmed over the weekend that previously agreed oil production levels for 2026 will remain unchanged, with current quotas set to stay in place throughout the year.
Author
Latest News
16:36
Iran strikes Israeli F-16 fighter jet
Other countries16:31
US and Israel attack piers and vessels in Iran's Bushehr
Other countries16:02
Katz says strikes on Iran to intensify this week
Other countries15:56
Britain says Iran's actions in Middle East are threat to its interests
Other countries15:24
Azerbaijan increases cotton fabric production by nearly 3%
Industry15:03
EU member states urged to lower gas storage targets due to Iran war
Energy14:51
Azerbaijan increases shoe production by 36%
Industry14:46
Azerbaijan's direct investments in Russian economy grow by nearly 3 times
Finance14:11