HOUSTON: Oil was steady after a choppy session on Tuesday as investors weighed dented hopes of a Russia-Ukraine peace deal and rising geopolitical tensions in the Middle East around Yemen. Brent crude futures for February delivery, which expire on Tuesday, settled down 2 cents, or 0.03%, at US$61.92 a barrel. US West Texas Intermediate ‌crude settled down 13 cents, or 0.22%, at US$57.95. Russia has said it will toughen its position in peace talks after accusing Kyiv of attacking the residence, an allegation that Kyiv dismissed as baseless and designed to undermine peace negotiations. Prices are likely to trend ‍downwards in the first quarter of 2026 because of a "growing oil glut", said Marex analyst Ed Meir.

Source: The Star December 30, 2025 23:44 UTC