Oil rises as market weighs Venezuela supply risks

Global oil prices saw a slight uptick Friday, influenced by U.S. sanctions targeting Venezuelan oil and airstrikes in Nigeria. Despite these geopolitical tensions, oil is still on track for its steepest annual drop since 2020, with supply expected to exceed demand next year. Further disruptions loom as Kazakh oil shipments face a significant reduction due to a drone attack.

Source: Oil rises as market weighs Venezuela supply risks