Oil prices fell amid global risk sentiment, APA-Economics reports.
The price of the January 2026 WTI crude oil contract on the New York Mercantile Exchange (NYMEX) decreased by 0.28% to 57.44 USD.
The price of the February 2026 Brent crude oil contract on the London ICE exchange decreased by 0.26% to 61.12 USD.
According to analysts, the decline in oil prices is due to the strengthening of risk-off tendencies in global stock markets, cautious expectations regarding demand prospects and market assessments that supply will remain quite high. At the same time, expectations that monetary policy in the United States will remain tight have created conditions for the strengthening of the dollar, putting additional pressure on the oil market.
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