Crude Oil Prices Stay Stable as Markets Track Russia–Ukraine Developments

The global oil market remained stable on Monday as investors focused on two major developments: India’s continued purchase of Russian crude and Ukraine’s recent attacks on Russia’s energy infrastructure. Brent crude traded below USD 64 per barrel, while WTI moved close to USD 60 per barrel. Last week, Brent posted a second straight weekly gain for the first time since August, offering some support to the market.

Russia Assures India of Steady Crude Oil Supply

Russian President Vladimir Putin recently assured India that the country would continue to receive an uninterrupted supply of fuel. This commitment is significant because it comes at a time when the United States is holding trade discussions in South Asia. A stable flow of crude from Russia helps India manage both pricing and energy security, especially when the market faces geopolitical pressure.

Crude Oil Prices in Focus As Ukraine Targets Russia’s Energy Infrastructure

During the same period, Ukraine carried out major attacks on Russia’s energy facilities. One of the main targets was the CPC terminal in the Black Sea, which plays a crucial role in global oil exports. The attack disrupted crude loading activities and led to a rise in physical crude prices. Ukraine also struck other important energy assets in Russia, adding more pressure to the global oil supply chain.

Supply Chain Faces Higher Stress

The attacks have increased concerns about supply stability. With loading delays and infrastructure damage, the global oil supply chain is under added stress. At the same time, the market is also dealing with growing production from the United States, Brazil and Guyana. This rising output has contributed to worries of oversupply, especially when demand signals remain weak worldwide.

Key Energy Reports Expected This Week

The market now awaits monthly reports from the US Energy Information Administration, the International Energy Agency and the Organisation of the Petroleum Exporting Countries. These reports are expected to offer guidance on demand trends, supply forecasts and the possible future direction of crude oil prices. 

Read more: BSE Sensex Slips 200 pts on Dec 8, 2025 as Markets Turn Cautious Ahead of Global Rate Decisions.

Conclusion

Crude oil prices are holding steady for now, but the market remains sensitive to geopolitical tensions and shifting supply conditions. India’s continued Russian crude buying and Ukraine’s strikes on Russian energy infrastructure are shaping short-term market behaviour, while higher production from major oil-producing nations may influence long-term price trends.

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