Workflow
Negative global demand indicators
icon
Search documents
Oil Markets Lackluster Amid Russia Peace Deal, China’s Stockpiling
Yahoo Finance· 2025-11-27 23:00
Sentiment in oil markets remains overwhelmingly negative, driven by perceived market oversupply and negative global demand indicators. Brent crude for January delivery was trading at $63.10 per barrel in Thursday’s intraday session, little changed from $62.97 a week ago while the corresponding WTI contract ticked up slightly to $58.70/bbl from $58.46. Meanwhile, the recent rally in oil product prices has cooled off, with ICE Gasoil-Brent crack dropping from a 35.84/bbl peak on 18 November to ~$26/bbl. This ...