Surging Barrels at Sea Spook Oil Markets More than Russia ...

Surging barrels at sea spook oil markets more than Russia ...

$60 Oil Is No Longer a Floor

Brent is clinging to $60 per barrel, but markets have become even less sensitive to geopolitical risk. Friday, December 19, 2025 Things are not looking good for oil, with Trump’s belligerent rhetoric vis-à-vis Venezuela only pushing ICE Brent futures to $60 per barrel after a slide below that psychological threshold earlier in the week. Sanctions against Russia or threats thereof have by now desensitized the market towards Russian supply risks, …

Surging barrels at sea spook oil markets more than Russia or Venezuela