Control over Venezuela's oil has been in the spotlight all week, but developments in Iran are key to crude's latest rise. ...

Trump said on Saturday the oil embargo on Venezuelan exports remained in full effect. ...

Oil prices edged up on the first day of trade in 2026 after last year posting their biggest annual loss since 2020, as Ukrainian drones targeted Russian oil facilities and a U.S. blockade pressured Ve... ...

Core Viewpoint - Crude oil prices increased in early Asia trade, marking the start of the new year [1] Group 1 - The rise in crude oil prices indicates a potential shift in market dynamics as the new year begins [1]

February WTI crude oil (CLG26) on Tuesday closed down -0.13 (-0.22%), and February RBOB gasoline (RBG26) closed up +0.0053 (+0.31%). Crude oil and gasoline prices settled mixed on Tuesday.  Crude prices gave up an early advance and turned lower Tuesday after the dollar index (DXY00) climbed to a 1-week high.  Also, Monday evening's release of the weekly EIA inventory report was mainly bearish for crude prices.   Losses in crude were limited amid persistent geopolitical risks from Venezuela, Nigeria, and R ...

Key Takeaways WTI crude fell to $56 as ceasefire hopes and weak China data pressured prices in a well-supplied market.USO is down about 11.8% year to date as global supply is expected to outpace demand this year and next.SCO gained 5.9% in a week as traders boosted bearish bets amid oversupply fears and geopolitical uncertainty.The U.S. oil benchmark dropped to its lowest level since February 2021 as traders assessed renewed optimism around a potential deal to end the war in Ukraine, per Bloomberg, as quote ...

Core Viewpoint - Oil prices experienced a decline in early trading on Tuesday, continuing the losses from the previous session, as the likelihood of a Russia-Ukraine peace deal appeared to improve, which raised expectations for a potential easing of supply constraints [1] Group 1 - Oil prices fell in early trading, adding to previous session losses [1] - Strengthening prospects for a Russia-Ukraine peace deal contributed to the decline in oil prices [1] - Expectations of a potential easing of supply constraints were raised due to the peace deal prospects [1]

Core Viewpoint - Oil prices increased during the early Asian session due to escalating tensions between the U.S. and Venezuela [1] Group 1 - The rise in oil prices is attributed to geopolitical factors, specifically the strained relations between the U.S. and Venezuela [1]

Core Viewpoint - Oil prices increased by more than 1.5% following the OPEC+ meeting, which opted against previously planned production increases for the first quarter of next year [1] Group 1 - The OPEC+ meeting took place on Sunday, leading to a decision that impacted oil prices [1] - The decision to maintain production levels is expected to influence market dynamics in the upcoming months [1]

Core Viewpoint - Oil prices experienced a slight recovery on Wednesday after reaching one-month lows in the previous session, influenced by indications that Ukraine is approaching a peace agreement with Russia, which could potentially lead to the end of ongoing conflicts [1] Group 1 - Oil prices dipped to one-month lows prior to the recovery [1] - The recovery in oil prices is linked to geopolitical developments regarding Ukraine and Russia [1] - The potential peace deal between Ukraine and Russia is seen as a significant factor affecting oil market dynamics [1]