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Crude Oil Prices Rise Amid Venezuela, Ukraine Tensions

12/20/2025

Summary

Story summary

Crude oil futures settled higher on December 19, 2025, but the week ended lower amid tensions involving Venezuela and the Russia-Ukraine conflict.
Dennis Kissler of BOK Financial said the market is in a holding pattern awaiting updates on stalled negotiations and Venezuela's blockade.
Oversupply concerns persist as global supplies exceed five-year averages and on-the-water storage reaches record levels.
West Texas Intermediate for January delivery closed at $56.66 per barrel.
Brent crude rose to $60.47 per barrel.

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Story summary

Crude oil futures settled higher on December 19, 2025, but the week ended lower amid tensions involving Venezuela and the Russia-Ukraine conflict.
Dennis Kissler of BOK Financial said the market is in a holding pattern awaiting updates on stalled negotiations and Venezuela's blockade.
Oversupply concerns persist as global supplies exceed five-year averages and on-the-water storage reaches record levels.
West Texas Intermediate for January delivery closed at $56.66 per barrel.
Brent crude rose to $60.47 per barrel.