Oil slides amid US–Venezuela tensions

Name: Oil slides amid US–Venezuela tensions
Uploaded: 2026-01-08
Description: Oil prices fell as U.S. actions toward Venezuela—including plans to refine and sell Venezuelan crude and the seizure of a Russian‑flagged tanker—raised concerns over long‑term supply and geopolitical risks. Market reaction intensified as China condemned Washington’s moves, while U.S. crude settled at $55.99 and Brent at $59.96.

Oil prices fell as U.S. actions toward Venezuela—including plans to refine and sell Venezuelan crude and the seizure of a Russian‑flagged tanker—raised concerns over long‑term supply and geopolitical risks. Market reaction intensified as China condemned Washington’s moves, while U.S. crude settled at $55.99 and Brent at $59.96.

08/01/2026 02:08 MYT

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