Back to today’s briefing

Story perspectives

Oil Prices Plummet Amid Peace Talks and Strong Dollar

11/24/2025

35 6

Summary

Story summary

Oil prices fell on Monday as markets weighed progress in Russia-Ukraine peace talks and a stronger U.S. dollar.
Brent crude was at $62.42 per barrel and West Texas Intermediate at $57.91, down about 3% from last week.
The declines marked their lowest levels since October 21.
U.S. Secretary of State Marco Rubio expressed optimism about talks, which may require Ukraine to cede territory and rethink NATO.

1 of 1

Story summary

Oil prices fell on Monday as markets weighed progress in Russia-Ukraine peace talks and a stronger U.S. dollar.
Brent crude was at $62.42 per barrel and West Texas Intermediate at $57.91, down about 3% from last week.
The declines marked their lowest levels since October 21.
U.S. Secretary of State Marco Rubio expressed optimism about talks, which may require Ukraine to cede territory and rethink NATO.