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Oil prices edge higher after previous day's strong gains
Energy
- 02 December, 2025
- 10:00
Oil prices posted slight increases following a solid rise the day before, Report informs, citing trading data.
February Brent futures on the London ICE Futures exchange rose by $0.06 (0.09%) to $63.23 per barrel. January WTI futures on the NYMEX electronic platform increased by $0.10 (0.17%) to $59.42 per barrel.
Market attention remains focused on Venezuela, a major oil producer. On November 29, US President Donald Trump stated that the airspace over and around the country had been closed, heightening concerns about regional stability.
Meanwhile, OPEC+ ministers confirmed over the weekend that previously agreed oil production levels for 2026 will remain unchanged, with current quotas set to stay in place throughout the year.
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