Overview
- Brent fell 1.3% to $61.40 a barrel and WTI lost 1.3% to $57.68 in Thursday London trading.
- The United States said it seized a sanctioned tanker off Venezuela, with President Donald Trump stating the operation had taken place.
- Ukraine’s security service said drones hit a Russian-owned platform in the Caspian Sea, stopping oil and gas extraction.
- OPEC+ reported November output near 43.06 million barrels per day and kept its 2025–2026 demand growth projections largely unchanged.
- The EIA raised its 2025 U.S. output forecast to a record 13.61 million barrels per day, while the Federal Reserve cut interest rates, a combination that offsets supply risks with stronger demand prospects.