Nymex Overview: Petroleum Futures Lower as Market Awaits EIA Data, Fed Rate Call -- OPIS

Dow Jones12-10

Petroleum futures were trading lower for a second-straight day on Tuesday morning, but the declines were modest as traders await Wednesday's release of weekly government supply and demand data and the Federal Reserve's decision on interest rates.

The NYMEX January West Texas Intermediate crude contract was off 57cts to $58.31/bbl, at about 11 a.m. ET, and the lightly traded February contract was 49cts lower at $58.14/bbl.

ICE Brent crude losses were lighter. The February contract was down 54cts to $61.95/bbl and March Brent was 50cts lower at $61.65/bbl.

The NYMEX January RBOB was down 0.71ct to $1.7910/gal and the February contract was off 0.78ct to $1.7929/gal.

Diesel contracts were leading the way lower. The January ULSD contract was down 3.55cts to $2.2627/gal and the February ULSD contract was off 0.77ct to $1.793/gal. If that price holds, the contract would the session 10cts, or 4.2%, below where it settled on Friday.

The weakness in diesel contracts comes even as the possibility of a U.S.-brokered peace deal between Russia and Ukraine remains in doubt. Western sanctions on Russian energy exports have helped to underpin diesel prices.

While President Trump is pushing Ukraine to accept the peace plan, Ukrainian President Volodymyr Zelensky has said his country cannot accept any plan that calls for it to cede territory to Russia.

The Federal Reserve's rate-setting committee is meeting this week and is widely expected to approve another interest rate cut that could boost the economy and energy demand. In addition, the Energy Information Administration is scheduled to release its weekly petroleum inventory and demand data on Wednesday morning.

This content was created by Oil Price Information Service, which is operated by Dow Jones & Co. OPIS is run independently from Dow Jones Newswires and The Wall Street Journal.

By Steven Cronin, scronin@opisnet.com; Editing by Jeffrey Barber, jbarber@opisnet.com

(END) Dow Jones Newswires

December 09, 2025 12:10 ET (17:10 GMT)

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Nymex Overview: Petroleum Futures Lower as Market Awaits EIA Data, Fed Rate Call -- OPIS

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