Crude Oil Price Today

Today's crude oil price stands at $60.08 per barrel, equating to ₹5,407.20 based on an exchange rate of 90. Compared to yesterday’s closing price of $59.84, this indicates a rise of $0.24. The last 10 days have seen a high of $63.75 on 06/12/2025 and a low of $59.03 on 16/12/2025.

Recent geopolitical events, including a blockade announced by President Trump on Venezuelan oil tankers, have fueled market concerns about supply disruptions. Reports indicate that most exports from Venezuela remain on hold, prompting a notable uptick in crude oil prices.

As Venezuela constitutes about 1% of global oil supplies, the blockade's impact on the market, although limited due to waning demand from China, continues to create waves across oil futures. The situation has grimly reminded the market of the risks tied to geopolitical volatility.

BP’s recent announcement regarding the appointment of a new CEO also signifies a shift in focus back toward oil and gas at a time when many companies have been redirecting investments into renewable strategies. This corporate maneuver is reflective of changing market dynamics.

As we look ahead, persistent inflation concerns and expectations of interest rate changes might further influence oil prices. Moreover, fiscal forecasts play a crucial role in shaping the commodity outlook as traders weigh the balance between supply disruptions and economic recovery.

Oil is traded globally in U.S.

dollars. When the dollar strengthens, oil becomes cheaper for importers but yields lower revenue for exporters. A weak dollar has the opposite effect. This exchange rate dynamic significantly affects global oil pricing, influenced by trade policy, market volatility, and geopolitical events.

Crude oil price today stands at $59.62 per barrel, equivalent to ₹5,366.80 at an exchange rate of 90. This shows a rise from the previous day's price of $59.03 per barrel. Over the past ten days, the price has fluctuated, with a high of $63.93 on 5/12/2025 and a low of $55.27 on 16/12/2025.

The recent spike in crude oil prices can be attributed to geopolitical tensions resulting from U.S. sanctions on Venezuelan oil. President Trump's directive for a blockade against sanctioned oil tankers entering or leaving Venezuela has heightened market uncertainties, leading to an increase in prices as U.S. crude futures reflect a robust response to such political maneuvers.

Economic indicators show mixed signals, with analysts watching U.S. GDP forecasts and inflation rates closely. The anticipation of potential interest rate adjustments by the Federal Reserve plays a significant role in shaping market expectations, particularly for oil futures.

OPEC+ decisions also remain crucial as they influence production levels and thereby global oil prices. Current discussions within the organization may further affect pricing trends, alongside ongoing inflation concerns that dominate the economic landscape.

Markets are responding to recent military escalations that could further impact the oil supply chain. As the U.S. maintains a strong military presence in the region, the risk of oil supply disruptions adds another layer of complexity to price forecasting.

Oil is traded globally in U.S.

dollars. When the dollar strengthens, oil becomes cheaper for importers but yields lower revenue for exporters. A weak dollar has the opposite effect. This exchange rate dynamic significantly affects global oil pricing, influenced by trade policy, market volatility, and geopolitical events.

The crude oil price today is $60.22 per barrel, equivalent to ₹5,486.02 per barrel based on a dollar rate of 91. This marks a slight decrease from the previous day's price of $60.38 per barrel. The fluctuation in crude prices reflects ongoing market uncertainties, primarily due to geopolitical developments and demand forecasts.

In the past ten days, the crude oil price has seen a high of $63.93 per barrel on December 5, 2025, and a low of $60.22 per barrel today. Such variations highlight the impact of global events and domestic economic conditions on oil prices.

Current economic factors that are influencing crude oil prices include tentative peace talks regarding the Russia-Ukraine conflict which may ease sanctions. The potential for improved relations has led to optimism in the markets despite still weak global demand indicators.

Additionally, disappointing economic data from China indicates slowing growth, with factory output hitting a 15-month low and retail sales at a standstill. This weak performance raises concerns globally regarding oil consumption and demand trends moving forward.

The anticipated increase in electric vehicle usage in China and uncertainties surrounding U.S. sanctions might further pressure demand. Simultaneously, increased floating storage and purchases from Venezuela would limit price spikes in the short term.

Oil is traded globally in U.S.

dollars. When the dollar strengthens, oil becomes cheaper for importers but yields lower revenue for exporters. A weak dollar has the opposite effect. This exchange rate dynamic significantly affects global oil pricing, influenced by trade policy, market volatility, and geopolitical events.

As of 15-December-2025, the crude oil price today is $61.42 per barrel, translating to approximately ₹5,592.32, a rise from yesterday's price of $61.12. Over the past ten days, crude oil prices have fluctuated between a low of $61.01 on 11-December-2025 and a high of $63.93 on 5-December-2025, reflecting ongoing market volatility.

Current global crude oil price trends indicate that tensions between the U.S. and Venezuela are having a significant impact. Following the seizure of an oil tanker by the Trump administration, supply concerns have heightened, especially amid rising sanctions affecting Venezuelan oil exports. Such geopolitical tensions are expected to influence price movements in the near term.

Additionally, while there is cautious optimism surrounding peace talks between Russia and Ukraine, these discussions have yet to yield definitive results. The situation remains fluid as military actions continue, causing fluctuations in market sentiment and oil supply forecasts globally.

Underpinning this environment is a backdrop of oversupply concerns and potential economic forecasts. With U.S. energy firms reducing oil and gas rig counts recently, supply levels may begin to tighten, countering the prevailing oversupply in the market.

Furthermore, inflation expectations and interest rate projections will likely play crucial roles in shaping future crude oil prices. As central banks navigate their respective monetary policies, the global oil price may see additional impacts from such economic indicators.

Oil is traded globally in U.S.

dollars. When the dollar strengthens, oil becomes cheaper for importers but yields lower revenue for exporters. A weak dollar has the opposite effect. This exchange rate dynamic significantly affects global oil pricing, influenced by trade policy, market volatility, and geopolitical events.

As of December 12, 2025, the crude oil price today stands at $61.69 per barrel, equivalent to ₹5,551.10, a rise from yesterday's price of $61.01 per barrel. Over the last ten days, prices peaked at $63.93 on December 5, 2025, and dipped to $61.01 on December 11, 2025. This volatility reflects ongoing supply chain challenges and market adjustments.

Factors influencing global oil prices include a significant drop in Russian oil exports, which fell by 420,000 barrels per day in November due to increased U.S. sanctions. Such sanctions have severely impacted Moscow's oil revenues, lowering them by $3.6 billion compared to last year, further reducing Urals crude prices significantly.

The International Energy Agency (IEA) also reported a global oil supply reduction of 610,000 barrels per day in November, significantly affected by OPEC+ production cuts amidst sanctions on Russia and Venezuela. Notably, OPEC+ entities contributed to 80 percent of this decrease, which has put additional pressure on global crude oil pricing.

Amid these declines, non-OPEC+ producers continue to show resilience, particularly in the U.S. and Brazil. Iran's steady oil loadings at 1.9 million barrels per day have provided a counterbalance to broader supply declines, indicating varied global production capabilities amidst geopolitical tensions.

Looking ahead, the IEA projects oil demand to rise by 830,000 barrels per day in 2025, with expectations that gasoil and jet kerosene will spur half of this consumption growth.

This increase hinges significantly on improving macroeconomic conditions, indicating a complex interplay between demand recovery and supply chain challenges.

Oil is traded globally in U.S. dollars. When the dollar strengthens, oil becomes cheaper for importers but yields lower revenue for exporters. A weak dollar has the opposite effect. This exchange rate dynamic significantly affects global oil pricing, influenced by trade policy, market volatility, and geopolitical events.

As of December 11, 2025, the crude oil price today stands at $62.17 per barrel, translating to approximately ₹5,595.30 based on a dollar to INR rate of 90. This marks an increase from yesterday's price of $61.79. Over the past ten days, prices have fluctuated, with the highest at $63.93 on December 5 and the lowest at $61.79 on December 10.

Global crude oil prices are currently influenced by heightened risks surrounding Venezuelan oil exports. Due to significant sanctions from the U.S. and an increased military presence in the region, buyers are now more cautious about pricing structures. Recent reports indicate that Venezuela has had to implement steep discounts to attract buyers, especially in Asia.

China has emerged as a dominant player, absorbing between 55% to 90% of Venezuela’s oil exports this year. The critical demand from China contrasts sharply with the struggling production levels within Venezuela, where crude exports average around 921,000 barrels per day as of November.

The dynamics of oil supply are also being challenged by alternative sources, specifically from Russia and Iran, which are offloading sanctioned crude at competitive prices. This situation adds pressure to state-owned PDVSA, compelling the company to offer discounts even below the prevailing Brent crude prices.

Market analysts remain watchful of the potential ramifications of U.S.

military operations in the Caribbean, which pose delivery uncertainties. These tensions are likely to further complicate production schedules for Venezuelan exports and affect overall global oil pricing.

Oil is traded globally in U.S. dollars. When the dollar strengthens, oil becomes cheaper for importers but yields lower revenue for exporters. A weak dollar has the opposite effect. This exchange rate dynamic significantly affects global oil pricing, influenced by trade policy, market volatility, and geopolitical events.

The crude oil price today is $62.04 per barrel, equivalent to approximately ₹5,583.60 based on the current dollar to INR rate of 90. This price reflects a slight increase from yesterday's price of $61.88 per barrel. Over the last ten days, the highest price recorded was $63.75 on 06/12/2025, while the lowest was $61.88 on 09/12/2025.

The global oil market continues to grapple with concerns that supply may outpace demand, affecting crude oil price stability. The ongoing discussions for a peace agreement between Ukraine and Russia add a layer of complexity, as any resolution could lead to lifting sanctions on Russian oil, potentially increasing supply further.

According to analysts, Russian oil production is currently solid, but the lack of buyers for its seaborne exports raises questions about future output levels. If buyer interest does not improve, Russian output may see a decline, impacting global oil prices.

The U.S. Energy Information Administration has revised its outlook, now forecasting U.S. oil production to reach an average of 13.61 million barrels per day in 2025. This expected increase may contribute further to the perceived oversupply in the market.

Inflation expectations and interest rate dynamics remain essential components influencing crude oil prices. Investors keenly await updates on economic policy changes, primarily how central banks will react to persistent inflationary pressures.

This will directly impact oil futures and market sentiment.

Oil is traded globally in U.S. dollars. When the dollar strengthens, oil becomes cheaper for importers but yields lower revenue for exporters. A weak dollar has the opposite effect. This exchange rate dynamic significantly affects global oil pricing, influenced by trade policy, market volatility, and geopolitical events.

The crude oil price today is $62.40 per barrel, which translates to approximately ₹5,616.00. This represents a slight decrease from yesterday's price of $62.53. Over the last ten days, the highest recorded price was $63.75 on 06/12/2025, while the lowest was $62.40 today.

Currently, oil prices are stabilizing after a 2% drop earlier this week. Market analysts suggest the ongoing peace talks regarding the Russia-Ukraine conflict are influencing trader sentiment significantly. If discussions yield positive results, we might see a shift in supply dynamics that could affect global oil pricing.

Recent reports indicate that the Group of Seven nations and the European Union are considering measures to reduce Russian oil revenues. Such actions could further tighten the market, depending on the outcomes of diplomatic engagements. Traders are closely monitoring these developments.

The focus also remains on the Federal Reserve's upcoming monetary policy decision, which the market predicts will result in a quarter-point interest rate reduction. This decision could have indirect effects on crude oil prices as borrowing costs change.

Furthermore, analysts highlight the potential for oversupply in the energy market by 2026. This is tied to anticipated lower production from U.S. shale operators and consistent consumer demand, which may balance out the market in the long term, depending on OPEC+ responses.

Oil is traded globally in U.S.

dollars. When the dollar strengthens, oil becomes cheaper for importers but yields lower revenue for exporters. A weak dollar has the opposite effect. This exchange rate dynamic significantly affects global oil pricing, influenced by trade policy, market volatility, and geopolitical events.

The crude oil price today is $63.85 per barrel, equivalent to approximately ₹5,746.50, reflecting a slight increase from yesterday. On December 7, the price stood at $63.75 per barrel. Over the past week, the highest price recorded was $63.93 on December 5, while the lowest was $62.21 on November 26.

Global oil price trends have fluctuated recently, with investors considering a Federal Reserve interest rate cut anticipated this week. Such a monetary policy shift could enhance economic growth and, subsequently, energy demand, positively impacting crude oil prices. This expectation has already been priced in by the markets.

Furthermore, geopolitical tensions persist, particularly regarding potential supply disruptions from Russia and Venezuela. The ongoing negotiations over security guarantees in Ukraine remain unresolved, which could significantly affect the oil supply chain. Analysts suggest these negotiations hold the potential to swing oil supply by over two million barrels per day.

Moreover, a move by the G7 and the EU is underway, aiming to replace the current price cap on Russian oil exports with a comprehensive maritime services ban. Such actions may restrict supplies from one of the largest oil-producing nations, contributing to price volatility in the oil market.

Chinese independent refiners have also ramped up purchases of sanctioned Iranian oil.

This strategy has provided relief to the supply glut, allowing for a notable shift in the dynamics of the crude oil market. As such developments unfold, the future trajectory of crude oil prices remains intertwisted with both domestic economic policies and international relations.

Oil is traded globally in U.S. dollars. When the dollar strengthens, oil becomes cheaper for importers but yields lower revenue for exporters. A weak dollar has the opposite effect. This exchange rate dynamic significantly affects global oil pricing, influenced by trade policy, market volatility, and geopolitical events.

Crude oil price today stands at $63.13 per barrel, translating to approximately ₹5,680.70 at an exchange rate of 90 IRN per USD. This reflects a slight drop from yesterday's price of $63.40. Over the past week, the highest price was recorded at $63.40 on 04/12/2025, while the lowest was $61.57 on 25/11/2025.

Recent dynamics in global markets indicate that oil prices are influenced by several factors, particularly the anticipated interest rate cut by the Federal Reserve. Approximately 82% of surveyed economists expect a reduction by 25 basis points, which would stimulate economic growth and subsequently increase demand for crude oil.

Moreover, escalating tensions between the U.S. and Venezuela are creating a precarious environment for oil production. A potential military intervention could risk Venezuela's production capacity, which is critical for China's supply. Such geopolitical risks typically exert upward pressure on global oil prices.

Meanwhile, failed negotiations in Moscow concerning the war in Ukraine have further complicated the crude oil landscape. Any breakthrough could have allowed Russian oil back into the international market, thus altering current price stabilizations.

From an economic perspective, despite signs of a growing supply surplus, Saudi Arabia has adjusted its pricing strategies, reducing its January Arab Light crude prices to their lowest levels in five years.

This indicates a competitive market environment continuing to push prices lower amid excess output.

Oil is traded globally in U.S. dollars. When the dollar strengthens, oil becomes cheaper for importers but yields lower revenue for exporters. A weak dollar has the opposite effect. This exchange rate dynamic significantly affects global oil pricing, influenced by trade policy, market volatility, and geopolitical events.