BAF NEWS

Nov 28 2025 oil prices were little changed in quiet trade, with Brent hovering near $63.34 and WTI around $59.00 as investors weighed Russia-Ukraine diplomacy and Sunday’s OPEC+ gathering, according to Reuters. Both contracts were also on track for a fourth monthly loss oil prices, the longest such streak since 2023, per reporting.

Nov 28 2025 oil prices: flat into the weekend

Volumes remained light after the U.S. holiday. Meanwhile, investors monitored the brent crude price nov 2025 and the wti price nov 2025 for signs of direction. Reuters said markets continued to focus on whether peace efforts could progress and whether OPEC+ would maintain output. Both Brent and WTI were thus poised for a fourth monthly loss oil prices, according to available reports.

Timeline: Nov 25–28 price moves

• Nov. 25: Prices fell more than 1% as headlines suggested progress toward a U.S.-brokered peace framework. Brent settled at $62.48 and WTI at $57.95, with traders eyeing possible sanctions relief that could enable additional Russian supply, Reuters reported.
• Nov. 26: Crude rebounded from one‑month lows. Brent closed at $63.13 and WTI at $58.65 after U.S. crude inventories rose by 2.8 million barrels on stronger imports, according to the EIA cited by Reuters. The Caspian Pipeline Consortium also resumed loadings.
• Nov. 27: Futures settled higher in thin U.S. Thanksgiving trade. Brent finished at $63.34 and WTI at $59.10 as markets weighed the odds of a peace deal. Expectations for a possible December U.S. Fed rate cut offered modest support.
• Nov. 28: Front-month Brent hovered near $63.34 and WTI near $59.00, with traders awaiting the OPEC+ meeting and further signals from the talks.

Supply backdrop: inventories and trend

The 2.8 million-barrel build in U.S. crude stocks reinforced a softer tone. Consequently, the brent crude price nov 2025 and the wti price nov 2025 remained capped despite intermittent rebounds. Moreover, rising supply indicators have underpinned the multi-week downtrend.

Peace talks and sanctions expectations

Progress toward a framework for negotiations pressured prices earlier in the week. Traders flagged the russia-ukraine peace talks oil narrative as a potential path to sanctions relief and marginal supply normalization. However, with talks ongoing, many remained cautious. Headlines tied to russia-ukraine peace talks oil continued to swing sentiment intraday.

Nov 28 2025 oil prices: OPEC+ meeting expectations

Markets widely expect an opec+ meeting output decision that keeps production unchanged on Sunday, according to Reuters coverage. Therefore, the pending opec+ meeting output decision is a key near-term catalyst alongside diplomacy.

What Nov 28 2025 oil prices signal

Taken together, Friday’s steadiness reflects thin holiday liquidity and elevated event risk. As Nov 28 2025 oil prices held near recent levels, traders balanced supply data with geopolitics. Still, momentum favored consolidation until clearer signals emerge.

What’s Next

Watch Sunday’s outcome and any formal steps in the peace process for direction into December. Additionally, keep an eye on U.S. stock data and November’s final settlement to confirm the fourth monthly loss oil prices. If output policy stays steady and talks stall or progress, volatility could follow.