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[MARKET ANALYSIS] Oil futures rebounded following yesterday's choppy performance amid a slew of Venezuela-related headlines

Oil futures have rebounded slightly after a volatile session, driven by geopolitical headlines regarding Venezuela and the U.S.

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[MARKET ANALYSIS] Oil futures rebounded following yesterday's choppy performance amid a slew of Venezuela-related headlines

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US President Trump's team works up a sweeping plan to control Venezuelan oil for years to come, while Trump believes his efforts could help lower oil prices to his favoured level of USD 50/bbl, according to WSJ

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WTI/Brent: WTI Feb'26 +0.7% / Brent Mar'26 +0.6%

  • Oil prices mildly rebounded after the prior day's choppy performance amid a slew of Venezuela-related headlines and reports that the US seized a Russian-flagged tanker in the North Atlantic, as well as a second tanker in the Caribbean. It was also reported that President Trump's team is working up a sweeping plan to control Venezuelan oil for years to come, and that President Trump believes his efforts could help lower oil prices to his favoured level of USD 50/bbl.

Gold: -0.2%

  • Lacks demand following the prior day's choppy performance and mixed US data releases.

Copper: +1.0%

  • Rebounded from yesterday's trough but with a further recovery restricted by the uninspired risk sentiment.
Context

seizure of Russian tankers. This resurgence may reflect market speculation around the potential for U.S. policy to influence supply levels and price stability, particularly with Trump’s intention to manage Venezuelan oil production; however, the broader risk sentiment remains cautious, which may temper further gains.

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