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Oil Slips as Traders Navigate Venezuela Uncertainty
Barrons· 2026-01-06 09:30
Core Viewpoint - Oil prices are recovering as traders assess the uncertain outlook for Venezuela's crude oil production [1] Group 1: Oil Price Movement - Brent crude prices increased by 0.7% to $62.21 per barrel [1] - WTI crude prices also rose by 0.7% to $58.75 per barrel after an earlier decline [1] Group 2: Venezuela's Oil Supply Outlook - Analysts at Commerzbank indicate that the potential regime change in Venezuela could have significant implications for oil supplies [1] - There is a high level of uncertainty regarding Venezuela's crude output in the short term [1]