Weekly USOIL Trend Summary

Overall, USOIL oscillated at a low level with a slight upward trend during the period from November 24 to November 28, 2025. Despite minor fluctuations of gains and losses throughout the week, it hovered around $59 per barrel and failed to break free from the consecutive monthly decline trend that began this month. The specific trend is detailed in segments as follows:

1.Modest Gain at Week's Start with Synchronous Weakening Price Spread (November 24)
USOIL kicked off the week with a slight upturn. It closed at $58.89 per barrel that day, rising $0.91 or 1.57% compared with the previous week's closing price of $57.98 per barrel.

2.Oscillating Consolidation in Mid-Week, with Gains Constrained by Oversupply Expectations (November 25 - 26)
On November 25, oil prices traded sideways, hovering around $58.77 per barrel with a slight drop of approximately 0.91%.
On November 26, the market rebounded, and the growth rate of the relevant oil and gas index expanded to 0.87%. Oil prices followed suit with an upward movement. However, they failed to break through the earlier oscillating range overall. Meanwhile, potential incremental pressure on the supply side left the oil price rally lacking strong momentum.

3.Minor Fluctuations at Week's End Awaiting Policy Signals (November 27 - 28)
On November 27, oil prices pulled back slightly, and the corresponding oil and gas index edged down by 0.08%. After encountering resistance near $59 per barrel, oil prices retreated moderately. Market sentiment turned increasingly cautious as investors focused on the OPEC+ production policy meeting scheduled for Sunday.
On November 28, oil prices inched up again, and the oil and gas index rose by 0.67%, hitting a weekly closing high of 309.33 points.

Overall, although USOIL recorded a slight increase this week, it remained trapped in a low - range. Moreover, this month marks its fourth consecutive monthly decline, the longest losing streak since 2023. The main bearish factors weighing on oil prices include the expected lifting of sanctions on Russian oil driven by progress in the Ukraine peace talks and weak demand caused by the unexpected growth in U.S. crude oil inventories. Conversely, expectations of interest rate cuts by the Federal Reserve have provided some support for oil prices. Going forward, the production decisions of OPEC+ and changes in the geopolitical landscape will be the key factors determining the future trend of oil prices.