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Brent settled up 65 cents to $60.47 and WTI rose 51 cents to $56.66 after the US blocked Venezuelan tankers. Crude had fallen about 4% in the prior week, and traders were watching Russia-Ukraine talks.
Supply-disruption headlines give a short-lived bid, but the broader surplus outlook still caps crude prices, limiting energy-cost pressure on feed.
reuters.comScott DisavinoDec 19, 2025After 626 past bullish geopolitics events, Crude Oil (WTI) moved a median +2.1% over 5 sessions (62% higher; middle half -2.3% to +8.5%), and +1.6% over 20.
After 656 past bullish geopolitics events, Crude Oil (Brent) moved a median +1.9% over 5 sessions (63% higher; middle half -2.7% to +6.6%), and +0.7% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
