Oil rises amid global tensions, even with reduced liquidity

Oil closed higher for the fifth consecutive session this Tuesday (23), amid persistent global geopolitical tensions, even with reduced liquidity before the Christmas holiday.

WTI oil for February, traded on the New York Mercantile Exchange, closed up 0.64% (US$0.37), at US$58.38 a barrel. Brent for March, traded on the Intercontinental Exchange in London, advanced 0.47% (US$ 0.29), to US$ 61.87 per barrel.

The night before, the President of the United States, Donald Trump, spoke again about Venezuela, stating that .

According to the US Southern Command, the army today killed a suspected drug trafficker during yet another operation against a “discreet” vessel sailing along known drug trafficking routes in the eastern Pacific Ocean.

The US seizure of oil tankers linked to Venezuela has reintroduced , says Ahmad Assiri, research strategist at Pepperstone.

Ritterbusch sees this – with the possibility of further US sanctions and attacks on Russian infrastructure – as a major consideration for oil prices. commodity.

“Trump’s quarantine on oil tankers entering and leaving Venezuela has grabbed media headlines recently, but the amount of oil disruption to the global market remains small in our view,” the company points out.

Russian Deputy Foreign Minister Serguei Ryabkov reported that Moscow and Washington have , raising Russian concerns about US actions in the region.

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