"The physical global oil market situation remains the same. Oil prices have declined due to an oversupplied global oil market."

The US raid on Venezuela could significantly impact the oil market. The price of crude oil, which directly influences American consumer prices at the pump, is expected to be a key focus in the aftermath of the raid.

Venezuela is sitting on 303 billion barrels of crude, and what happens to that stockpile is critical for oil prices.

Analysts are braced for a $17.3 trillion oil price upheaval that could send shockwaves through the bitcoin price and crypto

Removal of Venezuelan leader could be part of US effort to regain global pricing power as petrodollar system comes under strain: analysts.

The US military throughout the night of Jan. 2 and early morning of Jan. 3 captured and extracted Venezuelan leader Nicolás Maduro from Caracas, who President Trump called an "outlaw dictator" at a press conference on Saturday.

Chevron's Venezuela revenue of $3 billion is 2% of its total — down at a 6.2% rate since 2022. High risk and an oil glut mean the U.S. invasion won't help $CVX stock.

OPEC+ confirmed on Sunday that it will keep oil production steady through the first quarter of 2026, as eight key producers reaffirmed their commitment to market stability

Oil futures opened the year with a modest decline as the continuing Ukraine-Russia war and rising Middle East tensions countered concerns about oversupply.

Reflections and stock-taking are usually a part of the end-of-year celebrations. For investors in the crude oil market, 2025 has been a rather underwhelming year. Brent oil price began the year on its front foot,

Crude oil prices had a down year in 2025. Brent oil, the global benchmark price, was down nearly 20% on the year, falling from the mid-$70s (and a peak above $80) to the low $60s. Increasing global supplies and concerns about demand weighed on crude prices during the year.