Ukraine-Russia conflict sends oil prices soaring in 2025

Business Dec 04, 2025

Oil prices have surged, with Brent at $63 and WTI close behind at $59.45.
The jump comes after Ukraine launched another attack on Russia's Druzhba pipeline—a major route for oil heading to Europe—adding fresh tension to global markets.

What's driving the market chaos?

This was Ukraine's fifth strike on the pipeline, but it's still running for now.
At the same time, peace talks between the US and Russia have stalled, making things even more unpredictable.
Meanwhile, US oil stockpiles are up and experts think OPEC+ could lose ground to American shale producers soon, so expect more price swings ahead.