Oil prices changed little on Wednesday, but are expected to fall by more than 15% in 2025. Supply has exceeded demand in a A year marked by wars, the rise in customs duties and OPEC+ production, as well as by the sanctions imposed on Russia, Iran and Venezuela.

Brent Crude Oil Futures, en drop of nearly 18% (the largest annual percentage drop since 2020), are on track to experience a third consecutive year of losses, their longest losing streak ever.

The March contract, which expires on Wednesday, fell by 5 cents to $61.28 per barrel at 7:37am GMT.

The price of West Texas Intermediate Crude Oil American stood at 57.92 dollars, down 3 cents, and headed towards an annual decline of 19%.

The average prices of both Benchmarks for 2025 are the lowest since 2020, according to data from LSEG. U.S. crude oil and fuel inventories increased the last week, market sources said, citing figures from The American Petroleum Institute published on Tuesday.