WTI Crude Futures Frozen at Around $59 During CME Outage -- Market Talk

Dow Jones11-28

1257 GMT - U.S. West Texas Intermediate crude futures were frozen at around $59 a barrel ahead of the U.S. market open as a tech outage halted trading on the CME. Oil prices have been largely muted as investors continue to monitor negotiations to end the war in Ukraine and await an OPEC+ meeting on Sunday. "A peace deal would likely remove much of the supply risk facing the market, potentially leading to the lifting of US sanctions on Russia," ING analysts say. Meanwhile, OPEC+ is expected to leave production unchanged. "The fundamental outlook remains fairly similar to where it was at the group's last meeting," the analysts say. (giulia.petroni@wsj.com)

(END) Dow Jones Newswires

November 28, 2025 07:57 ET (12:57 GMT)

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