# Crude oil futures decline as markets analyse US action in Venezuela - The HinduBusinessLine

> Brent crude traded near $60.61 and WTI near $57.13 on January 5 as markets assessed the US military capture of Venezuelan President Nicolas Maduro. OPEC+ had paused production increases for February and March.

- Date: 2026-01-05 · published 2026-01-05T12:00:00.000Z
- Category: geopolitics · region Global · magnitude low
- Page: https://feedsoft.ai/events/21176-crude-oil-futures-decline-as-markets-analyse-us-action-in-venezuela-the
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Lower crude oil prices reduce biofuel and diesel costs, which weighs on soyoil and vegetable oil demand and farm input costs, though Venezuela's limited output limits the supply effect.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-03-27 | [Crude oil futures decline as US extends Iran peace deal deadline - The HinduBusinessLine](https://feedsoft.ai/events/20283-crude-oil-futures-decline-as-us-extends-iran-peace-deal-deadline-the.md) | +17.8% | +1.5% |
| WTI | 2026-10-29 | [Crude oil futures fall as US seeks to revive Iran peace talks - The HinduBusinessLine](https://feedsoft.ai/events/255-crude-oil-futures-fall-as-us-seeks-to-revive-iran-peace-talks-the.md) | -2.3% | — |
| WTI | 2018-07-11 | [Crude oil falls after US softens stance on Iranian sanction waivers - The HinduBusinessLine](https://feedsoft.ai/events/10097-crude-oil-falls-after-us-softens-stance-on-iranian-sanction-waivers-the.md) | -8.2% | -6.7% |
| WTI | 2025-09-19 | [Crude oil trades lower as Trump pledges support for post-war peace between Russia and Ukraine - The HinduBusinessLine](https://feedsoft.ai/events/22974-crude-oil-trades-lower-as-trump-pledges-support-for-post-war-peace-between.md) | +2.4% | -9.1% |
| WTI | 2019-02-26 | [Despite progress in trade talks between the U.S. and China, oil futures gave up early gains](https://feedsoft.ai/events/60761-despite-progress-in-trade-talks-between-the-u-s-and-china-oil-futures-gave-up.md) | +2.2% | +6.1% |
| BRENT | 2026-03-27 | [Crude oil futures decline as US extends Iran peace deal deadline - The HinduBusinessLine](https://feedsoft.ai/events/20283-crude-oil-futures-decline-as-us-extends-iran-peace-deal-deadline-the.md) | +6.6% | -1.9% |
| BRENT | 2026-10-29 | [Crude oil futures fall as US seeks to revive Iran peace talks - The HinduBusinessLine](https://feedsoft.ai/events/255-crude-oil-futures-fall-as-us-seeks-to-revive-iran-peace-talks-the.md) | -5.4% | — |
| BRENT | 2018-07-11 | [Crude oil falls after US softens stance on Iranian sanction waivers - The HinduBusinessLine](https://feedsoft.ai/events/10097-crude-oil-falls-after-us-softens-stance-on-iranian-sanction-waivers-the.md) | -8.7% | -6.2% |

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/markets/commodities/crude-oil-futures-decline-as-markets-analyse-us-action-in-venezuela/article70472914.ece

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.