Economy

Oil Edges Higher With Ukraine Talks and China’s Pledge in Focus

December 29, 2025

Oil prices have edged higher as US-led talks to resolve the Ukraine conflict have not produced a breakthrough, while China has pledged to support economic growth next year. Brent crude surpassed $61 a barrel, and West Texas Intermediate approached $57, although the market is still facing the possibility of a fifth consecutive monthly decline due to concerns over a global oil surplus.

Oil Edges Higher With Ukraine Talks and China’s Pledge in Focus

Credit: Livemint

Key Highlights

Brent crude oil rose above $61 a barrel.
West Texas Intermediate approached $57 a barrel.
US-led talks on Ukraine have not achieved a breakthrough.
China is committed to supporting economic growth in 2025.
Oil prices are on track for a fifth monthly decline.

Markets

Sources

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

Oil Edges Higher With Ukraine Talks and China’s Pledge in Focus

Key Highlights

Sources

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