05:40 AM EST, 11/25/2025 (MT Newswires) -- Crude oil price fell on Tuesday as the persistent oversupply outlook weighed on the market even as doubts emerged about the outcome of talks to end the Russia-Ukraine war.

Brent crude at last look lost 0.8% to US$62.86/barrel and West Texas Intermediate crude declined 0.8% to $58.38/b. Uncertainty about a peace deal between Russia and Ukraine sparked concerns that sanctions on Russian energy flows will remain, resulting in some supply disruption. However, the key risk in the short term remains to be oversupply, Reuters reported Tuesday, citing analysts.

"The oil market is in a tug-of-war between a caution-driven supply overhang and demand hopes predicated on easier monetary policy," Reuters quoted Priyanka Sachdeva, senior market analyst at Phillip Nova, as saying.

Deutsche Bank in a Monday note forecast a 2026 crude oil surplus of at least 2 million barrels per day and no clear path back to deficits even by 2027, Reuters reported.

"The path forward into 2026 remains a bearish one," analyst Michael Hsueh said in the report.