Oil prices resolved in 2025 with the focus of traders on market prospects

Oil prices have maintained their stability, with traders focusing on the challenges of 2025, ranging from the abundant offer, to the inability to predict the actions of the upcoming Donald Trump administration. The ‘West Texas’ rough has settled over $ 70 a barrel in light trade, after advancing 1.6% last week, while Brent roughly closed nearly $ 74. There are large -scale expectations that the market will increase the offer next year, which will probably make it difficult for ‘OPEC+’ to return some production to the market. Raw prices turn to an annual loss, with trade limited to a narrow scale since mid -October. The market suffered from volatile signals, including continuous hostilities in the Middle East that would raise prices and concerns about Chinese demand, the largest oil importer in the world, which would print prices. Trump’s actions after being appointed next month would also keep the market tense, because he has already threatened to impose customs on Canada and Mexico, who are oil producers, while his candidate promised the position of national security advisor Mike Walz “with the biggest pressure” on Iran.