Brent Oil Prices Rise Ahead of OPEC+ Meeting; U.S. Crude Trading Halted Due to Technical Issues
November 28, 2025132 AufrufeLesezeit: 2 Minuten
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Brent crude oil futures experienced a notable increase on Friday as investors await developments regarding the Ukraine crisis and look forward to the OPEC+ meeting scheduled for Sunday, where potential production adjustments are under discussion.
As of 09:37 AM Moscow time, January Brent futures rose by 0.52% to $63.67 per barrel, despite ongoing uncertainty in the global energy market.
In contrast, West Texas Intermediate (WTI) futures faced an unprecedented trading halt due to a technical malfunction at the CME Group, where a cooling system failure at one of its data centers led to the suspension of price updates for all futures, causing considerable confusion in trading.
On Wednesday, U.S. crude reached $59.08 per barrel, marking a 0.73% increase, while trading activity slowed on Thursday due to the Thanksgiving holiday in the United States, resulting in a lack of settlement.
Both Brent and WTI crude are on track for their fourth consecutive monthly loss, the longest decline since 2023, driven by expectations of rising global supply and persistent oversupply.
Initial signs of a potential peace agreement between Russia and Ukraine led to a drop in oil prices earlier in the week; however, prices have regained some stability over the last three sessions as negotiations continue.
Global markets view the upcoming OPEC+ meeting as a critical moment that could shape oil prices in the weeks ahead, with decisions anticipated to alleviate supply pressures and restore stability to energy markets.
As of 09:37 AM Moscow time, January Brent futures rose by 0.52% to $63.67 per barrel, despite ongoing uncertainty in the global energy market.
In contrast, West Texas Intermediate (WTI) futures faced an unprecedented trading halt due to a technical malfunction at the CME Group, where a cooling system failure at one of its data centers led to the suspension of price updates for all futures, causing considerable confusion in trading.
On Wednesday, U.S. crude reached $59.08 per barrel, marking a 0.73% increase, while trading activity slowed on Thursday due to the Thanksgiving holiday in the United States, resulting in a lack of settlement.
Both Brent and WTI crude are on track for their fourth consecutive monthly loss, the longest decline since 2023, driven by expectations of rising global supply and persistent oversupply.
Initial signs of a potential peace agreement between Russia and Ukraine led to a drop in oil prices earlier in the week; however, prices have regained some stability over the last three sessions as negotiations continue.
Global markets view the upcoming OPEC+ meeting as a critical moment that could shape oil prices in the weeks ahead, with decisions anticipated to alleviate supply pressures and restore stability to energy markets.
