Oil Price Today (Dec. 16, 2025): Brent Slips Below $60 as Ukraine Peace Hopes and China Demand Worries Fuel 2026 Glut Fears
Brent crude fell below $60 a barrel on Tuesday, its lowest since May, with WTI near $56. Prices dropped about 1.3% and 1.5% respectively by 12:14 GMT. Traders cited optimism over Russia–Ukraine peace talks and weak Chinese economic data as key drivers. Supply concerns failed to offset fears of a potential glut.