Crude Oil Jumps: US Seizes Venezuelan Tanker, Supply Disruption Fears Grow

commodity
M
Moneycontrol•11-12-2025, 10:19
Crude Oil Jumps: US Seizes Venezuelan Tanker, Supply Disruption Fears Grow
- •Crude oil prices rose for the second consecutive session.
- •The US seized a Venezuelan oil tanker, heightening supply disruption concerns and US-Venezuela tensions.
- •Brent crude futures reached $62.48/barrel, and WTI crude hit $58.79/barrel.
- •Venezuela condemned the US military's action as "piracy."
- •Rising geopolitical tensions, including a Ukrainian attack on a Russian ship, also supported the price increase.
Why It Matters: US seizing Venezuelan tanker raises oil prices, increasing supply disruption risk.
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