2026-01-07 10:48:53 am | Source: Accord Fintech
Crude oil futures settle lower on Tuesday
Crude oil futures ended lower on Tuesday as investors resorted to profit-taking while analysing the consequences of U.S. military operation in Venezuela on global oil supply, along with other geopolitical tensions. After ousting President of Venezuela Nicolas Maduro, U.S. President Donald Trump announced that the U.S. would be ‘running’ the nation and remarked that U.S. oil majors have now free access to Venezuela's oil.
Benchmark crude oil futures for February decreased $1.19 or 2.04% at $57.13 a barrel on the New York Mercantile Exchange. Brent crude for March delivery fell $1.06 or 1.72% to settle at $60.70 a barrel on London's Intercontinental Exchange.
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