Executive Summary

Key insights and market outlook

Global oil prices showed mixed movements on Tuesday, Brent crude fluctuating between $61.96-$62.38 per barrel and WTI crude between $57.88-$58.38 per barrel ¹

²³. The price changes were influenced by concerns over potential supply disruptions from Venezuela and Russia amid geopolitical tensions and possible sales of seized Venezuelan oil by the United States ¹³.

Full Analysis

02

Deep Dive Analysis

Global Oil Market Shows Mixed Trend Amid Geopolitical Tensions

Price Fluctuations on Tuesday

Global oil prices demonstrated mixed movements on Tuesday, December 23, 2025, as market participants weighed various geopolitical factors and economic indicators. Brent crude prices fluctuated between $61.96 per barrel on the low end ²

and $62.38 per barrel on the high end ¹, while West Texas Intermediate (WTI) crude varied between $57.88 per barrel ² and $58.38 per barrel ¹.

Factors Influencing Price Movements

The price fluctuations were primarily driven by ongoing concerns about potential supply disruptions from both Venezuela and Russia ¹

³. The market remained cautious as the United States considered selling seized Venezuelan oil, potentially increasing global supply ². Simultaneously, heightened tensions between Ukraine and Russia raised concerns about potential disruptions to Russian oil supplies ³.

Market Reaction and Analysis

The oil market had previously experienced a significant surge of over 2% on the previous trading day, with Brent crude recording its largest daily gain in two months and WTI achieving its highest daily increase since November 14, 2025 ³

. The mixed price movements on Tuesday reflected the complex interplay between potential supply disruptions and increased global supply from possible Venezuelan oil sales.

References