tanker blockade

Oil up as market weighs strong US economic growth, supply risks

December 24, 2025

(Investing)– Oil prices settled higher on Tuesday as investors assessed stronger-than-expected U.S. economic growth and the risk of disruptions to oil supply from Venezuela and Russia. Brent crude futures settled 31 cents, or 0.5%, higher at $62.38 a barrel. U.S. West Texas Intermediate crude was up 37 cents, or 0.64%, at $58.38. Prices had risen by more than 2% on Monday,

Venezuela may have to start shutting oil wells soon

December 18, 2025

(Oil Price)– Venezuela may be forced to start shutting in oil production as it runs out of storage space amid the U.S. tanker blockade, Bloomberg has reported, citing unnamed sources. According to the sources, the biggest oil storage hub and tankers at Venezuelan ports could fill up within 10 days, prompting production curbs. Earlier this week, Reuters reported that some 11 million

Oil up as market weighs strong US economic growth, supply risks

Venezuela may have to start shutting oil wells soon

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