U.S. crude oil closes at lowest level since early 2021 as looming surplus weighs on market

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Dec 17, 2025 - 01:00

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U.S. crude oil closes at lowest level since early 2021 as looming surplus weighs on market

The oil market is under pressure as OPEC+ members have rapidly ramped up production and the U.S. pushes Ukraine to accept a peace agreement with Russia.

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