Oil rises amid geopolitical tensions

18/12/2025 Argaam
Oil drilling rigs

Oil drilling rigs

Oil prices rose during trading today, Dec. 18, as markets assessed the possibility of the US imposing new sanctions on Russia's energy sector if Moscow does not agree to a peace deal with Ukraine, amid geopolitical tensions in Venezuela.

 

Brent crude was trading up 0.9% at $60.23 a barrel, at 09:05 am Makkah time. West Texas Intermediate (WTI) rose 1% to $56.49 a barrel.

 

ING Bank said the embargo on Venezuela is jeopardizing 600,000 barrels per day of Venezuelan oil exports, most of which go to China, Reuters reported.

 

Chinese customs data released today showed that China's exports of refined oil products fell 2.2% year-on-year in November, but rose 13.3% compared to the previous month.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.