International oil prices fell more than $1 per barrel this Friday. Market concerns about global crude oil oversupply are growing. Meanwhile, Ukraine peace agreement negotiations are dawning. Ukrainian President Zelensky and US President Trump plan to hold talks this weekend. The risk premium for geographical conflict has declined somewhat, and investors have weighed multiple factors and chose to sell off. WTI crude oil fell 2% during the day to $57.18 per barrel. Despite recent supply disruptions driving oil prices to rebound from a nearly five-year low hit on December 16, international oil prices are likely to record the most significant annual decline since 2020. Affected by the rise in crude oil production, market concerns about next year's oversupply continued to grow. During the year, the prices of Brent crude oil and US oil fell by 18% and 20%, respectively.

International oil prices fell more than $1 per barrel this Friday. Market concerns about global crude oil oversupply are growing. Meanwhile, Ukraine peace agreement negotiations are dawning. Ukrainian President Zelensky and US President Trump plan to hold talks this weekend. The risk premium for geographical conflict has declined somewhat, and investors have weighed multiple factors and chose to sell off. WTI crude oil fell 2% during the day to $57.18 per barrel. Despite recent supply disruptions driving oil prices to rebound from a nearly five-year low hit on December 16, international oil prices are likely to record the most significant annual decline since 2020. Affected by the rise in crude oil production, market concerns about next year's oversupply continued to grow. During the year, the prices of Brent crude oil and US oil fell by 18% and 20%, respectively.