Oil Down Amid Geopolitical Developments, U.S. Rate-Cut Uncertainty -- Market Talk

Dow Jones2025-11-21

1246 GMT - Oil prices recoup some losses as investors focus on a U.S.-drafted plan to end the war in Ukraine and uncertainty over U.S. interest-rate cuts weigh on market sentiment. Brent crude is down 0.9% to $62.82 a barrel, while WTI slides 1.1% to $58.40 a barrel, after each fell around 2% earlier in the session. Meanwhile, Friday marks the U.S. deadline for companies to suspend purchases of crude from Russian companies Rosneft and Lukoil. "The market is still struggling to comprehend the short- and medium-term impact on Russian oil exports," analysts at DNB say. "Valuable data points will emerge in the coming weeks as we see where the sanctioned barrels are ending up and the U.S.'s willingness to enforce the sanctions." (giulia.petroni@wsj.com)

(END) Dow Jones Newswires

November 21, 2025 07:47 ET (12:47 GMT)

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Brent crude is down 0.9% to $62.82 a barrel, while WTI slides 1.1% to $58.40 a barrel, after each fell around 2% earlier in the session. 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