1. Fed Rate Cut Expectations Fuel Upward Rally for Global Crude Oil Prices
On December 4, international crude oil prices kept climbing amid policy and geopolitical market drivers.
Investors bet on upcoming US Fed rate cuts to lift overall commodity market investment mood.
Looser US monetary policy fuels economic growth and drags down the valuation of the US dollar index.
Cheaper US currency lifts purchasing power and improves consumption outlooks for global crude oil.
2. Geopolitical Tensions Reinforce Bullish Sentiment for Global Crude Supply Side
Geopolitical shifts act as another core booster for bullish sentiment across the global crude oil market.
Stalled Russia-Ukraine peace talks delay the recovery of Europe’s interrupted cross-border crude supply.
Frozen negotiation progress lowers hopes for large-scale European crude import rebounds in short order.
Upcoming winter fuel demand raises traders’ worries over tight global crude oil supply chain stability.
Persistent supply uncertainties keep laying solid price support for worldwide benchmark crude oil grades.
3. December 4 Closing Data: WTI and Brent Benchmark Crude Futures Finish Higher
Leading global crude benchmarks wrapped up December 4 trading sessions with consistent price gains.
January 2026 WTI crude futures added $0.72 and closed at $59.67 per trading barrel.
The WTI crude contract posted a single-day percentage gain of 1.22% during December 4 settlement.
February 2026 Brent crude futures edged up $0.59 to finish at $63.26 per standard oil barrel.
Brent crude marked a daily 0.94% rise and maintained steady gaps against the WTI oil benchmark.
Stable Brent-WTI price spread signals balanced outlooks for worldwide crude supply and demand.
4. China Domestic SC Crude Futures Rise Following Global International Oil Market Trend
China’s domestic SC crude futures tracked overseas gains on the December 4 trading calendar.
China SC main contract 2601 climbed 2 RMB to finalize at 451.3 RMB for every crude barrel unit.
Domestic crude price sync highlights China’s tight linkage with the global mainstream energy market.
5. Forward Outlook: Multiple Core Factors Dominate Near-Term Crude Price Movement
Market traders will watch Fed economic data to adjust future US benchmark interest rate forecasts.
Geopolitical talks and OPEC+ output rules stay vital variables triggering crude oil price swings.
Gradual global demand rebound also shapes long and short term fluctuation trends of crude oil.
Near-term crude prices stay well-supported by macro easing hopes and ongoing geopolitical risks.
