Loading ...
Friday, December 12, 2025
Oil prices post more than 4% weekly loss on oversupply concerns
By Vijay Valecha in 'Century in News'
__1702287518.jpg)
Vijay Valecha, December 12, 2025, The National
Oil prices gave up gains on Friday and posted a weekly loss of more than 4 per cent, on oversupply concerns, as the possibility of peace deal between Russia and Ukraine overshadowed increasing US military action in Venezuela.
Brent, the benchmark for two-thirds of the world's crude, settled 0.26 per cent lower at $61.12 a barrel. West Texas Intermediate, the gauge that tracks US crude, declined 0.28 per cent to $57.44 per barrel.
From last Friday's close, Brent and WTI slid 4.1 per cent and 4.4 per cent, respectively. Year-to-date, Brent has given up 18 per cent, while WTI has receded about 20 per cent.
The US has boosted its forces in what Washington says is a campaign to curb illegal drugs. Venezuelan President Nicolas Maduro has accused the White House of attempting to use military pressure to overthrow him.
The situation came to a head this week when the US seized a tanker, called Skipper, off the coast of Venezuela after claims it was being used to smuggle Iranian oil. Caracas condemned the move as an act of piracy. Washington is reportedly planning to intercept more ships under similar suspicion.
Brent oil price in the past year
Average weekly price in US dollars. Shaded area is the range between the maximum and minimum prices
Venezuela has suggested the US is attempting to get hold of the South American nation's crude reserves, which are the world's largest, estimated at more than 300 billion barrels last year. Saudi Arabia is ranked second with 267 billion barrels.
On the other hand, talks between Russia and Ukraine to end their war have stalled, adding another layer to oil market uncertainty.
Source
__565361333.jpg)
__1239930142.jpg)
__396687930.jpg)
__196023842.jpg)
__694155313.jpg)
Regulated by SCA
Century Financial Consultancy LLC
.png)
.png)
.png)
.png)
Reach us:
-
Dubai
6th Floor, Emaar Square Building 4,
Downtown, Dubai, P.O. Box 65777,
Dubai, United Arab Emirates -
Abu Dhabi
27th Floor, Office 2701,
Shining Towers, Abu Dhabi, UAE -
Sharjah
29th Floor, Office 2905,
The Business Tower, Sharjah, UAE - +971 (4) 356 2800
- info@century.ae
Disclaimer: Trading in financial products carries substantial risk. Leveraged over-the-counter (OTC) derivatives, such as Contracts for Difference (CFDs) and spot forex, may result in losses exceeding initial deposits and may not be suitable for all investors. These complex instruments do not confer ownership of the underlying assets. Investors should carefully consider their investment objectives and risk appetite, and seek independent professional advice if necessary.
Century Financial Consultancy LLC (CFC) is licensed and regulated by the Securities and Commodities Authority (SCA) of the UAE under license numbers 20200000028 and 301044 to carry out the activities of Trading Broker in international markets, Trading Broker of OTC derivatives and currencies in the spot market, Introduction, Financial Consultations, and Promotion. CFC is incorporated under UAE law, registered with the Dubai Economic Department (No. 768189), with its office at 601, Level 6, Building No. 4, Emaar Square, Downtown Dubai, UAE, PO Box 65777.
The content on this website is provided solely for informational and educational purposes and does not constitute an offer, recommendation, or solicitation to buy or sell any securities or financial products.
Products and services offered by CFC are not intended for use in any jurisdiction where such use or distribution would breach local laws or regulatory requirements.
⚠️ Alert: Fraudulent Activity Notice
Century Financial Consultancy LLC (“Century”) has become aware of fraudulent individuals and entities impersonating our firm through unofficial websites, social media channels, and messaging applications such as Telegram, WhatsApp, and Discord.
Please be advised:
- Century does not manage investments on behalf of clients.
- Century does not solicit funds or guarantee investment returns.
- Century does not accept or make payments in cash, cryptocurrency, or digital assets.
- We do not conduct business via social media or messaging platforms.
Our only official website is www.century.ae, and all communication is conducted exclusively through verified channels.
We strongly urge the public to remain vigilant, verify the authenticity of any communication claiming to be from Century, and report any suspicious activity. Century disclaims any responsibility for losses arising from dealings with unauthorised or fraudulent parties.
