Oil prices stuck near $60 as OPEC+ decision looms after 2025’s steep slide
OPEC+ is expected to keep oil output steady through March, delegates said ahead of Sunday’s meeting. Brent crude ended 2025 at $60.85 a barrel, its lowest in nearly five years, after falling almost 20% during the year. The International Energy Agency forecasts supply will outpace demand by 3.8 million barrels per day in 2026.