Algiers, December 9, 2025 – Oil prices continued their downward trend in trading today, marking the second consecutive session of losses. The decline reflects ongoing market uncertainty and concerns regarding global demand.
As of 06:35 GMT, Brent crude futures experienced a dip of 0.29%, settling at $62.31 per barrel. This slide highlights the persistent volatility within the international oil market.
Similarly, West Texas Intermediate (WTI) crude futures also saw a decrease, falling by 0.37% to reach $58.66 per barrel. The parallel movements in both Brent and WTI indicate a broader market sentiment impacting crude oil values globally.
Analysts suggest that several factors are contributing to the current price weakness. These include concerns over potential oversupply, weaker-than-expected economic data from key consuming nations, and ongoing geopolitical tensions that add an element of unpredictability to the market.
The price drops come despite recent efforts by OPEC+ nations to maintain production cuts, aimed at supporting prices. However, the effectiveness of these measures is being questioned as demand continues to be a primary concern. Market participants are closely watching for further developments and economic indicators that could influence future price movements. The situation remains fluid, and further fluctuations are expected in the coming days.
