Crude Oil: Supply fears drive price volatility amid global tensions.

• Crude oil prices rose on Monday, partially recovering from a 4% drop last week, but market instability persists.
• Rising tensions between the U.S. and Venezuela are fueling concerns about potential oil supply disruptions.
• Ukraine's military attacked a Russian oil refinery, halting its production, while President Zelensky discussed dropping NATO bid.
• Venezuela's oil exports have sharply declined following U.S. seizure of a tanker and new restrictions on shipping companies.
• U.S. energy companies have reduced oil and gas rigs for the second time in three weeks, adding to supply-side pressure.

Why It Matters: Global tensions and supply fears are causing crude oil price volatility, affecting economies.