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Crude prices inch higher while Brent faces prolonged yearly decline
Oil prices saw modest gains, but Brent crude remained set for its longest run of annual losses in 2025 amid weak demand trends, ample supply, and ongoing global economic uncertainty.
Oil prices edged slightly higher in the latest session, supported by short-term buying and supply management signals. However, Brent crude remained on track for its longest streak of annual losses in 2025, reflecting persistent demand concerns, high inventories, and uneven global economic growth. Market participants continued to balance near-term price movements against structural pressures shaping the longer-term outlook for crude markets.