Neil Crosby, an analyst with Sparta, said the relatively small movements in oil prices suggest the market believes there is a low risk of a larger conflict between the U.S. and Venezuela.

I asked how low crude oil can prices fall in a November 6, 2025, Barchart article, where I concluded with the following: NYMEX crude oil’s price remains above the $55 support level in early November ...

Although it accounts for less than 1% of global oil production, Venezuela has the largest oil reserves globally, estimated at ...