Oil rises on fears of supply disruption as US-Venezuela tensions escalate

Core Viewpoint - Oil prices increased on Monday, recovering part of the previous week's 4% decline, driven by concerns over potential disruptions from escalating tensions between the U.S. and Venezuela, which overshadowed ongoing worries about oversupply in the market [1] Group 1 - Oil prices rose as tensions between the U.S. and Venezuela escalated, leading to concerns about potential supply disruptions [1] - The increase in oil prices comes after a 4% decline in the previous week, indicating a volatile market environment [1] - Lingering oversupply concerns continue to affect the oil market, but geopolitical factors are currently taking precedence [1]