Oil Price Today, December 8, 2025: Brent Near $64 as Fed Rate Cut Bets and Asian Demand Support Crude
Brent crude traded just below $64 per barrel and U.S. WTI hovered near $60 on Monday, holding close to two-week highs. Prices are supported by expectations of a U.S. Federal Reserve rate cut and strong demand from India and China. Major agencies and banks warn of a global oil surplus and lower prices in 2026. Both benchmarks remain well below 2024 levels.