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Commodity News Details
WTI oil gains on Venezuela blockade and US inventory draw
18-Dec-2025 13:01
WTI crude oil futures climbed above $56 per barrel, supported by concerns over potential supply disruptions from Venezuela and Russia. Markets turned cautious after US President Donald Trump announced a blockade on sanctioned oil tankers linked to Venezuela, raising worries over export flows. At the same time, Washington is moving toward tougher energy sanctions on Russia to push Ukraine peace talks, adding to global supply concerns. Official EIA data showed US crude inventories fell by 1.3 million barrels for the week ending December 12, lending further support to prices. February WTI futures traded near $56.35, up nearly 1%. On MCX, January crude futures rose to ₹5113 per barrel, up 0.2%. The dollar index hovered near 98 ahead of key US CPI data and central bank decisions from the ECB, BoE and BoJ.

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