Oil Prices Slip on Peace Deal Progress

OilPrice · Charles Kennedy · last updated November 26, 2025 – 4:42 PM

Oil prices slipped in early Asian trade on Thursday as markets digested renewed hope for a Russia-Ukraine peace deal and braced for a key OPEC+ meeting scheduled to take place on Sunday. At the time of writing, front-month West Texas Intermediate had dipped by about 0.55% to $58.33 per barrel: Similarly, Brent Crude had fallen by 0.48% and was trading around $62.83: The recent softness follows a slight gain in Wednesday’s session when prices bounced off one-month lows, but analysts warned that those upticks were likely driven by short covering…

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