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OIL PRICES SET FOR BIGGEST ANNUAL DROP SINCE 2020

  • NEWS Desk Global
  • Dec 31, 2025
  • 1 min read

Oil prices were slightly lower on Wednesday, and headed for a fall of more than 15% in 2025, as expectations of oversupply increased in a year marked by wars, higher tariffs, increased OPEC+ output and sanctions on Russia, Iran and Venezuela.

Brent crude futures were down over 17% - the most substantial annual percentage decline since 2020 - and were on track for a third straight year of losses, their longest-ever losing streak. U.S. West Texas Intermediate crude was headed for a near 19% annual decline.

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