Oil Prices Steady Amid U.S. Growth, Venezuela Supply Risks
Update: 2025-12-24
Description
Oil prices fluctuated on Wednesday, with Brent crude and WTI both edging up slightly, following a string of gains. The U.S. economys robust growth, as indicated by a 2-year high third-quarter expansion, boosted market sentiment. However, supply worries from Venezuela, including a new law labeling U.S. actions as piracy and a bottleneck due to floating storage, and ongoing tensions in Ukraine, where Russian attacks continue and peace deal hopes fade, could potentially drive prices higher.
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