US EditionOil slips as market weighs geopolitical risks
Traders balanced risks from Ukraine-Russia Black Sea attacks and U.S. potential sale of seized Venezuelan crude amid forecasts of ample supply in early 2026, Barclays said.
- At 0440 GMT, Brent crude futures fell by 6 cents, or 0.1%, to $62.01 per barrel as traders weighed geopolitical risks and fundamentals.
- On Monday, U.S. President Donald Trump said the U.S. might keep or sell seized oil off Venezuela, while Barclays noted that even a Venezuelan export halt would leave near-term supply ample.
- A Ukrainian drone attack damaged two vessels, two piers and sparked a fire in Russia's Krasnodar region, while Russian forces struck Odesa port late on Monday, also targeting shadow-fleet oil tankers.
- If disruptions persist, Barclays warned they could deplete recent inventory builds as the global oil surplus shrinks to 700,000 barrels per day in the fourth quarter of 2026.
- While modest rebounds occurred throughout 2025, prices rose over 2% yesterday with Brent posting its best daily performance in two months and WTI climbing the most since November 14.
18 Articles
18 Articles
Oil slips as market weighs geopolitical risks
Oil prices slipped today as traders weighed geopolitical risks against bearish fundamentals, after the US signaled it might sell the Venezuelan crude it has seized while Ukraine's attacks on Russian vessels and piers heightened fears of supply disruption.
Oil Markets Slide as Geopolitical Risks Collide with Bearish Supply Outlook - Mansfield Energy
FUELSNews will pause for the Christmas holiday and return on Monday, December 29. We wish you and your family a safe, restful, and joyful holiday, and we look forward to publishing our regular market updates after the break. Oil prices are declining this week as markets weigh escalating geopolitical risks against a still-bearish global supply backdrop. After posting their strongest daily gains in weeks on Monday, crude benchmarks are down toda…
Oil prices were little changed on Tuesday, as potential sales of Venezuelan crude seized by the United States were offset by heightened fears of a supply disruption... Oil stabilizes as market weighs geopolitical risks - ΙΝΑΦΤΕΜΟΠΟΡΙΚΙ
The United States continues its blockade of Venezuelan oil exports, while drone attacks carried out by Ukraine have disrupted Russian supply routes.
Oil prices slip as Venezuela supply signals offset black sea tensions
Oil prices edged lower in early Asian trading on Tuesday, retreating slightly after strong gains in the previous session, as investors weighed potential additional supply from seized Venezuelan crude against rising geopolitical risks linked to the Russia–Ukraine conflict. According to market data, Brent crude futures slipped by 11 cents, or 0.18 percent, to trade at $61.96 per barrel by 0100 GMT, while U.S. West Texas Intermediate (WTI) crude de…
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