Crude Oil Rises: US-Venezuela Tensions Spark Supply Concerns

• Crude oil prices are rising due to increased supply concerns.
• US-Venezuela tensions escalated after the US seized a Venezuelan oil tanker, raising fears of supply disruption.
• Investors are monitoring Russia-Ukraine peace talks, which could potentially increase Russian oil supply.
• Large surpluses in US gasoline and diesel inventories are exerting downward pressure on oil prices.
• The IEA upgraded its 2026 global oil demand growth forecast while lowering supply growth estimates.

Why It Matters: US-Venezuela tensions raise global oil supply concerns, affecting fuel prices.