Oil prices climbed as markets reacted to renewed concerns around Venezuela’s supply outlook, adding fresh uncertainty to global energy flows. Potential disruptions to production and exports raised fears that supply could tighten at a time when inventories are already being closely monitored. Traders responded quickly, pushing prices higher as energy markets remain highly sensitive to geopolitical and operational risks.

At the same time, oil markets are navigating mixed demand signals, with some regions showing resilience while others slow. This tension between supply risks and uneven consumption has kept prices volatile, driven more by sentiment and headlines than long-term balance. For now, oil is moving on caution, reacting to what could go wrong rather than what is currently stable.