Oil Market Appears 'Unbothered, Unimpressed' by U.S. Action on Venezuela

Oil prices continue to trade sideways, he said, noting that near-term supply disruption risks remain limited. Julius Baer expects oil prices to trade in the high $50s for much of 2026. The oil market seems "unbothered and unimpressed" by the recent U.S. intervention in Venezuela, Julius Baer's Norbert Rücker wrote in a research note. "Venezuela's oil exports are too small for a full disruption to matter in the current environment of ample supplies," the head of economics and next generation research said. ...