Oil Prices Steady Amid Venezuela Supply Risks and Strong US Economy

Global oil prices are steadying as the market balances ongoing supply concerns from Venezuela and the Russia-Ukraine conflict against signs of robust U.S. economic growth and forecasts of ample supply in early 2026. Brent and WTI crude saw minor movements after recent gains.

• Oil prices showed slight dips after an earlier rally, signaling a steadying market.
• US continues seizing Venezuelan oil tankers, creating significant supply risk.
• Venezuela's oil output faces decline, impacting global supply expectations.
• Strong US economic growth in Q3 2025 influences global oil demand.
• Geopolitical tensions, including Russia-Ukraine, add to market uncertainty.

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