Oil Steady With Focus on India Buying, Ukraine Attacks on Russia

Bloomberg.com · last updated December 7, 2025 – 4:55 PM

Oil steadied as traders monitored India’s buying of Russian crude and Ukrainian attacks on its neighbor’s energy infrastructure.

Brent crude traded below $64 a barrel after posting its first back-to-back weekly gain since August, while West Texas Intermediate was near $60. Russian President Vladimir Putin last week promised “uninterrupted shipments of fuel” to India, which will likely be a key point for discussions as US negotiators arrive in the South Asian nation for trade talks.

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