Oil Prices This Week: Brent and WTI Slide More Than 4% on Supply Glut Fears — Week-Ahead Outlook (Updated Dec. 13, 2025)
Updated: Saturday, Dec. 13, 2025 Oil prices ended the week lower despite a burst of geopolitical drama that would normally lift crude. Brent settled Friday at $61.12 a barrel and U.S. WTI at $57.44, capping a weekly drop of more than 4% as traders focused on growing expectations of an oversupplied 2026 market and the possibility of a Russia-Ukraine peace deal easing supply risks. Reuters+1 That bearish supply narrative stayed dominant even after the U.S. seized a Venezuelan crude tanker and fresh strikes hit Russian energy infrastructure—events that, in a tighter market, might have injected a bigger “risk premium” into prices. Reuters+2Reuters+2 Where oil prices stand now Because Dec. 13 is a Saturday and crude benchmarks