Oil rises as market weighs Venezuela supply risks

December 26, 2025

Oil prices have risen due to increased U. S. pressure on Venezuelan oil shipments and military strikes in Nigeria. Brent crude rose to $62.48 per barrel, while West Texas Intermediate reached $58.58, marking significant weekly gains as traders react to geopolitical tensions and supply risks.

Oil rises as market weighs Venezuela supply risks

Credit: Livemint

Key Highlights

Brent crude rose 0.4% to $62.48 per barrel.
West Texas Intermediate increased 0.4% to $58.58.
U. S. military forces are focusing on a blockade of Venezuelan oil shipments.
The U. S. has conducted airstrikes in Nigeria against Islamic State militants.
Oil prices are experiencing their biggest weekly gain since late October.

Markets

Sources

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

Oil rises as market weighs Venezuela supply risks

Key Highlights

Sources

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