Crude extended loses as Venezuelan supply adds to already ample market

08 Jan 2026 Crude prices fell for a second straight session as markets assessed the supply impact of a new agreement allowing the US to import up to $2 billion worth of Venezuelan crude

08 Jan 2026

Commodity Exchange: 08 January 2026

Most actively traded petrochemical futures on the Dalian and Zhengzhou Commodity Exchanges wrapped up the 08 January 2026 session with the following settlements.

07 Jan 2026 Brent NYMEX

Oil fell as projected 2026 surplus outweighs Venezuela risk premium

The market weighed expectations of an ample global supply glut against the immediate geopolitical uncertainty surrounding the US capture of Venezuelan leader Nicolas Maduro.

07 Jan 2026

Freightos Baltic: Global supply chains face geopolitical shocks and pre-LNY freight surge

Despite the recent rally, the broader structural picture remains constraining. While Asia–Mediterranean rates have returned to their 2025 peak-season highs, overall Asia–Europe pricing is still roughly 40% lower year on year.

07 Jan 2026

Commodity Exchange: 07 January 2026

Most actively traded petrochemical futures on the Dalian and Zhengzhou Commodity Exchanges wrapped up the 07 January 2026 session with the following settlements.

06 Jan 2026

Oil climbed $1 as traders weigh Venezuela developments and wider geopolitical risks

Both benchmarks swung sharply during the session, falling more than $1 earlier before rebounding in late morning trade as investors assessed the implications of the developments in Venezuela

06 Jan 2026

Commodity Exchange: 06 January 2026

Most actively traded petrochemical futures on the Dalian and Zhengzhou Commodity Exchanges wrapped up the 06 January 2026 session with the following settlements.

05 Jan 2026

Oil settled lower as record annual losses precede critical OPEC+ meeting

Oil prices ended lower on Friday, marking a cautious start to 2026 after posting their steepest annual decline since 2020, as investors weighed persistent oversupply concerns against heightened geopolitical risks.

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