Singapore, December 1, 2025 – Oil prices climbed in early Asian trade on Monday, supported by developments in Russia-Ukraine peace talks and ongoing sanctions on Russian energy companies.

Front-month WTI crude futures rose 1.25% to $59.28 per barrel, while Brent crude futures gained 1.2% to $63.13 per barrel.

Analysts at Nanhua Futures noted that strict U.S. sanctions on Russian energy firms continue to provide a floor for prices. Meanwhile, diplomatic progress offered further support: U.S. and Ukrainian negotiators described Sunday’s meeting on ending the war as productive, with top U.S. envoys scheduled to travel to Moscow on Monday for further discussions, according to the Wall Street Journal.

Market participants will continue to monitor developments closely, as any breakthrough or setback in negotiations could influence oil supply expectations and price trends.