Oil Prices Increase Amid Venezuelan Supply Concerns
December 12, 2025363 ViewsRead Time: 1 minutes
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Oil prices saw an uptick on Friday, driven by concerns regarding possible disruptions in Venezuelan oil supplies, despite the fact that they are still expected to record a weekly decline.
As of 07:18 GMT, Brent crude futures rose by 0.52%, reaching $61.60 per barrel, while West Texas Intermediate crude futures increased by 0.59% to $57.94 per barrel.
Market Decline on Thursday
This rise follows a decline of approximately 1.5% in both benchmark indices during Thursday's trading, highlighting the volatility present in oil markets amid recent geopolitical developments.
Impact of the Venezuelan Situation
Sources indicate that the United States is preparing to intercept additional vessels transporting Venezuelan oil, following the recent seizure of an oil tanker, as part of its strategy to exert pressure on Venezuelan President Nicolas Maduro.
This operation has heightened concerns regarding the potential disruption of Venezuelan oil supplies, providing temporary support for prices even as the global market faces ongoing pressures.
As of 07:18 GMT, Brent crude futures rose by 0.52%, reaching $61.60 per barrel, while West Texas Intermediate crude futures increased by 0.59% to $57.94 per barrel.
Market Decline on Thursday
This rise follows a decline of approximately 1.5% in both benchmark indices during Thursday's trading, highlighting the volatility present in oil markets amid recent geopolitical developments.
Impact of the Venezuelan Situation
Sources indicate that the United States is preparing to intercept additional vessels transporting Venezuelan oil, following the recent seizure of an oil tanker, as part of its strategy to exert pressure on Venezuelan President Nicolas Maduro.
This operation has heightened concerns regarding the potential disruption of Venezuelan oil supplies, providing temporary support for prices even as the global market faces ongoing pressures.
