U.S. crude oil drops below $55 a barrel, hits lowest level since early 2021

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Dec 16, 2025 - 19:00

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U.S. crude oil drops below $55 a barrel, hits lowest level since early 2021

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

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