03 Aug 2026

18:32

  • Bitumen 60/70

    414$

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    -

    15$

    FOB Bandar Abbas - New Steel Drum

    0.0%

  • Bitumen 60/70

    414$

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    15$

    FOB Bandar Abbas - New Steel Drum

    0.0%

  • Bitumen 60/70

    394$

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    586$

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    368$

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    FOB Bandar Abbas - Carton 25KG

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    368$

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    370$

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    370$

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    552$

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    FOB Singapore - Bulk

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    536$

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    Texas - Bulk

    -4.6%

  • Crude Oil Brent

    79.11$

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    5$

    London - Bulk

    -6.6%

Home Blog $60 Oil Is No Longer a Floor

$60 Oil Is No Longer a Floor

codarx

codarx

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Update date: 2025/12/19

Brent is clinging to $60 per barrel, but markets have become even less sensitive to geopolitical risk. Friday, December 19, 2025 Things are not looking good for oil, with Trump’s belligerent rhetoric vis-à-vis Venezuela only pushing ICE Brent futures to $60 per barrel after a slide below that psychological threshold earlier in the week. Sanctions against Russia or threats thereof have by now desensitized the market towards Russian supply risks, once again demonstrated by the lack of price movements after Ukraine targeted another shadow…

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