Oil Prices Climb 2% on OPEC+ Plan, Venezuela and Ukraine Risks
Barrons·2025-12-01 10:09
Group 1 - Oil prices increased by 2% following OPEC+ decision to maintain steady output and ongoing geopolitical tensions in Eastern Europe and Venezuela [1] - Brent crude rose by 2.1% to $63.68 per barrel, while WTI increased by 2.2% to $59.85 per barrel [1] - Operations at the Black Sea terminal of the Caspian Pipeline Consortium were halted due to damage from a Ukrainian drone attack, impacting oil exports primarily from Kazakhstan [2] - Average shipments from the CPC terminal have been around 1.48 million barrels per day this year [2]