Oil prices fall to four-year low below $55 as supply glut shows up
Yahoo Finance·2025-12-17 00:33

Crude oil prices fell to levels not seen since the start of 2021 as a widely expected supply glut picked up momentum and peace talks in the Russia-Ukraine conflict took steps forward. Futures on international pricing benchmark Brent crude (BZ=F) fell by more than 2.8% to trade below 58.86onTuesdaymorning,whilefuturesonUSbenchmarkWestTexasIntermediate(WTI)crude(CL=F)temporarilyfellbyadeeper3.158.86 on Tuesday morning, while futures on US benchmark West Texas Intermediate (WTI) crude (CL=F) temporarily fell by a deeper 3.1% to trade below 55. Both energy products reached levels Tuesday morning that had not been s ...