Oil Price Today, December 4, 2025: Brent Near $63 and WTI Around $59 as Ukraine Strikes, OPEC+ Freeze and Oversupply Collide
Global oil prices are edging higher today, but the move is modest and still framed by a bigger story of oversupply and cautious forecasts for 2026. Brent crude is trading just under $63 per barrel, while U.S. West Texas Intermediate sits around $59 per barrel, after a month of tight ranges and heavy focus on OPEC+ policy, Ukraine–Russia peace talks and fresh downgrades to long‑term price forecasts. OilPrice.com+3Reuters+3Trading Economics+3