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Energy Preview: Oil hovers around $58 per barrel in Asia
31-Dec-2025 09:39
WTI Crude oil futures witnessed some selling pressure ahead of key releases like the US inventories and global PMI updates. The counter has come off a three-week high and is currently trading around $58 per barrel, down marginally on the day. Broad focus has largely shifted to the next year after oil prices recorded a largely negative bias this year, falling around 17% so far. The commodity is headed for its steepest annual decline since 2020 and some steep measures could be in store from leading oil producers following sustained weakness in the commodity in last few months.

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