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Thursday, January 8, 2026 6:52 GMT

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Oil Down as Well-Supplied Market Shrugs Off Venezuela Upheaval

published:07/01/2026 09:04 GMT

Oil prices ​slipped on Monday as ample global supplies offset concerns about the impact on oil flows from the U.S. capture ⁠of President Nicolas Maduro of Venezuela, home of the biggest global oil reserves. Brent crude futures were down 23 cents, ⁠or 0.4%, ‌to US$60.52 a barrel at 0940 GMT, while U.S. West Texas Intermediate crude was 21 cents, or 0.4%, lower at US$57.11 a barrel. The benchmarks were volatile in early Asian ⁠trade as investors assessed the situation in Venezuela, an OPEC...More


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