Oil Prices Rise Amid Ukraine, Venezuela Tensions
Update: 2025-12-04
Description
Oil prices ticked up this week, influenced by geopolitical tensions and supply concerns. The US and Venezuelas escalating situation, along with uncertainty around a Ukraine ceasefire, added risk premiums. Despite some demand, overall demand is expected to remain subdued, with supply outpacing it. Economists predict a downward trend for oil prices in the near future.
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