Traders also looked ahead to the outcome of a meeting of the Organization of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, on November 30 for clues on changes in oil production.
However, the price of US light sweet crude (WTI) was frozen after a system failure at CME Group.
At 2:38 p.m. (Vietnam time), Brent crude oil futures for January 2026, which expires on November 28, rose 15 cents (0.24%) to $63.58 a barrel, after rising 21 cents on November 27. Oil futures for February 2025 traded more actively, rising 15 cents to $62.99 a barrel.
WTI crude futures rose 43 cents, or 0.73 percent, to $59.08 a barrel. Trading was halted on Nov. 27 for the U.S. Thanksgiving holiday. Both benchmarks are on track for a fourth straight monthly decline, the longest losing streak since 2023, as concerns about rising global supply weigh on prices.
Signs that a deal between Ukraine and Russia may be near sent oil prices sharply lower earlier this week, but they have recovered in the last three sessions as negotiations drag on. Brent and WTI are both forecast to end the week up more than 1%.
Oil prices were supported by expectations that the US Federal Reserve will cut interest rates in December 2025, which will stimulate economic growth and increase energy demand. In addition, the number of active oil rigs in the US fell to a four-year low, also contributing to supporting oil prices.
Source: https://baotintuc.vn/thi-truong-tien-te/gia-dau-tho-brent-vuot-nguong-63-usdthung-20251128171352955.htm
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