# Oil prices log steepest annual drop since 2020

> Oil prices fell on December 31 and finished the year with an annual loss of nearly 20%. The decline reflected expectations of oversupply despite a year of wars, higher tariffs, increased OPEC+ output and sanctions on Russia, Iran and Venezuela.

- Date: 2026-01-01 · published 2026-01-01T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/21678-oil-prices-log-steepest-annual-drop-since-2020
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Expected surplus barrels keep crude pressured, which lowers diesel and fuel costs for feed mills and transport. Weaker energy also trims input costs for grain and oilseed processing.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/business/energy/oil-slips-brent-heads-longest-stretch-annual-losses-2025-2025-12-31/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.