Oil rebounds from lowest monthly level

26/11/2025 Argaam
Oil drilling rigs

Oil drilling rigs

Oil prices rose during trading today, Nov. 26, after falling to their lowest level in a month in the previous session as Ukraine prepared to move forward with a US-backed framework to end the war with Russia.

 

Brent crude was trading up 0.35% at $62.70 a barrel, at 09:03 am Makkah time. West Texas Intermediate (WTI) gained 0.35% to $58.14 a barrel.

 

US President Donald Trump said he had instructed his representatives to meet separately with his Russian counterpart Vladimir Putin and Ukrainian officials. Meanwhile, a Ukrainian official said President Volodymyr Zelenskyy might visit the US in the next few days to finalize the agreement, Reuters reported.

 

Estimates from the American Petroleum Institute showed that crude oil inventories in the US fell by about 1.86 million barrels during the week ended Nov. 21. Official data due today is expected to show a decline in crude oil inventories.

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