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Oil prices edge higher on Monday
Aya Anwar Published in Amwal Al Ghad on 15 - 12 - 2025

Oil prices edged higher on Monday, supported by concerns over potential supply disruptions linked to escalating US-Venezuela tensions, despite ongoing worries about global oversupply.
Brent crude climbed 0.49 per cent to $61.42 a barrel, while US West Texas Intermediate (WTI) gained 0.49 per cent to $57.72, after both benchmarks fell more than 4 per cent last week on surplus expectations.
Venezuela's oil exports have dropped following a US tanker seizure and new sanctions, with further interceptions under consideration. Meanwhile, oversupply forecasts for 2025–27 and uncertainty over Russia-Ukraine peace talks, which could eventually boost Russian supply, continued to cap gains.
Attribution: Reuters

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