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Brent Crude Trades at $63.16 per Barrel Amid Geopolitical Risks and OPEC+ Output Decision
ByAinvest
Monday, Dec 1, 2025 11:14 pm ET1min read
Oil prices remain elevated due to geopolitical risk, particularly after a drone strike damaged the Caspian Pipeline Consortium's Black Sea terminal. Tensions between the US and Venezuela, as well as concerns about a potential conflict, are also contributing to market uncertainty. OPEC+ has maintained its output for Q1 2026, and traders will be watching for further flashpoints in Venezuela and Ukraine.
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