Oil Market Volatility Continues Amid Geopolitical Developments

Mixed Price Movements in Global Oil Market

Crude oil prices showed mixed behavior in early trading on Monday, December 15, 2025, as investors weighed various geopolitical factors and market fundamentals. West Texas Intermediate (WTI) crude futures rose to $57.67 per barrel ³

, while Brent crude gained to $61.37 per barrel ³

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. Despite these gains, both contracts remained near their lowest levels in nearly two months due to persistent concerns about global supply and demand dynamics.

Geopolitical Factors Influencing Oil Prices

The recent escalation of tensions between the United States and Venezuela has been a significant factor supporting oil prices. The US has increased its military presence in Venezuela, a major oil exporter, as part of heightened pressure on the country ¹

. Additionally, Iran's seizure of a foreign tanker in the Gulf of Oman has contributed to supply concerns in the region.

Global Supply Concerns and Peace Negotiations

However, the positive impact of these geopolitical tensions on oil prices has been partially offset by concerns about a potential surplus in global oil supply in 2026. According to market analysts, Venezuela's oil exports have declined sharply following the US seizure of a tanker and the imposition of new sanctions on shipping companies dealing with the Latin American producer ²

.

Market Outlook and Future Prospects

The ongoing peace negotiations between Russia and Ukraine also continue to influence market sentiment. Recent diplomatic efforts, including a meeting between Ukrainian President Volodymyr Zelensky and a special envoy of US President Donald Trump, have raised hopes for a potential peace agreement ¹

. Such a development could potentially ease geopolitical tensions and impact global oil demand.