Trump's Venezuela Oil Deal Drops Prices
Update: 2026-01-07
Description
Oil prices dip as Trump announces deal to import Venezuelan crude, potentially easing market tightness. Brent and WTI futures fall, but prices rebound slightly after analysts predict a smaller volume of sanctioned oil. Morgan Stanley forecasts an oil surplus in the first half of 2026, but cheaper Venezuelan crude could slow new drilling and support prices in the long run. Checkout Solipillow.com
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