{"id":121327,"date":"2025-12-02T10:47:58","date_gmt":"2025-12-02T06:47:58","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=121327"},"modified":"2025-12-02T10:48:02","modified_gmt":"2025-12-02T06:48:02","slug":"oil-prices-hold-steady-as-opec-pause-and-geopolitical-risks-support-market","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/oil-prices-hold-steady-as-opec-pause-and-geopolitical-risks-support-market\/12\/02\/market-updates\/","title":{"rendered":"Oil Prices Hold Steady as OPEC+ Pause and Geopolitical Risks Support Market"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p>Oil prices were steady in Asian trading on Tuesday, consolidating the previous session\u2019s gains as OPEC+ reaffirmed its decision to pause production increases in the first quarter and as traders continued to evaluate supply risks tied to global geopolitical tensions.<\/p>\n\n\n\n<p>By 21:18 ET (02:18 GMT):<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Brent February futures<\/strong> rose <strong>0.1% to $63.23<\/strong> per barrel<\/li>\n\n\n\n<li><strong>WTI crude futures<\/strong> gained <strong>0.2% to $59.42<\/strong> per barrel<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Oil Holds Gains as Supply Risks Remain Elevated<\/strong><\/h3>\n\n\n\n<p>Crude futures rose more than <strong>1% on Monday<\/strong> after OPEC+ ministers confirmed they would <strong>keep output steady through Q1 2026<\/strong>, following nearly <strong>3 million barrels per day<\/strong> of cumulative supply increases since April.<\/p>\n\n\n\n<p>Delegates said the pause aims to <strong>stabilize the market<\/strong> amid uneven global demand and rising geopolitical threats to supply.<br>The group also approved a mechanism to review each member\u2019s <strong>maximum production capacity<\/strong> between January and September next year, laying groundwork for <strong>transparent quotas in 2027<\/strong>.<\/p>\n\n\n\n<p>Markets also reacted to ongoing attacks on Russian energy infrastructure and escalating tensions between the U.S. and Venezuela.<\/p>\n\n\n\n<p>A recent <strong>Ukrainian drone strike<\/strong> on the <strong>Caspian Pipeline Consortium (CPC)<\/strong> temporarily halted loadings at its Black Sea terminal \u2014 a key channel for Russian and Kazakh crude. Although one mooring is back online, the episode underscored the <strong>fragility of Russian export flows<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>U.S.\u2013Venezuela Tensions Escalate; Fed Cut Bets Support Prices<\/strong><\/h3>\n\n\n\n<p>Oil markets are also monitoring worsening ties between <strong>Washington and Caracas<\/strong>, after U.S. officials signaled potential tightening of restrictions on Venezuela \u2014 including <strong>closing U.S. airspace<\/strong> to the country.<\/p>\n\n\n\n<p>The move comes after President <strong>Donald Trump<\/strong> accused Venezuela of enabling drug shipments through its territory.<\/p>\n\n\n\n<p>Broader support for oil prices is coming from rising expectations that the <strong>Federal Reserve will cut interest rates next week<\/strong>.<br>Lower rates typically <strong>boost economic growth<\/strong>, increasing potential demand for crude and encouraging speculative buying.<\/p>\n\n\n\n<p>According to CME\u2019s FedWatch tool:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Markets now assign <strong>over an 85% probability<\/strong> of a <strong>25 basis-point cut<\/strong> next week<br>(up from ~40% last month)<\/li>\n<\/ul>\n\n\n\n<p>If you\u2019d like, I can also create a <strong>short market brief<\/strong>, <strong>headline-only summary<\/strong>, or integrate this into a <strong>full daily commodities wrap<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices were steady in Asian trading on Tuesday, consolidating the previous session\u2019s gains as OPEC+ reaffirmed its decision to pause production increases in the first quarter and as traders continued to evaluate supply risks tied to global geopolitical tensions. By 21:18 ET (02:18 GMT): Brent February futures rose 0.1% to $63.23 per barrel WTI &hellip;<\/p>\n","protected":false},"author":9,"featured_media":60920,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,6827,49,36],"tags":[],"class_list":["post-121327","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-daily-economic-reports","category-economic-reports","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/121327","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=121327"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/121327\/revisions"}],"predecessor-version":[{"id":121328,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/121327\/revisions\/121328"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/60920"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=121327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=121327"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=121327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}