Crude Oil Jumps Amid US-Venezuela Tensions, Russia Refinery Attack

• Crude oil prices rose on Monday, December 15, 2025, recovering after a 4% drop last week.
• Brent crude futures increased 0.4% to $61.37/barrel, and US WTI crude rose 0.4% to $57.67/barrel.
• Geopolitical tensions, particularly between the US and Venezuela, are raising concerns about potential oil supply disruptions.
• The market faces uncertainty due to oversupply worries and the Russia-Ukraine conflict, with Ukraine claiming an attack on a Russian oil refinery.
• US energy companies have reduced oil and gas rigs for the second time in three weeks, contributing to supply pressures.

Why It Matters: Global tensions are causing oil price instability, impacting your wallet.