COMMODITY
Crude oil futures settle higher on Monday
Dec-23-2025

Crude oil futures ended higher on Monday as the continued naval blockade of Venezuela raised supply concerns. U.S. President Donald Trump ordered a ‘naval blockade’ on December 16 on all oil tankers that enter and exit Venezuela, the U.S. seized two vessels, thereby escalating the tensions. Meanwhile, in Europe, Ukrainian drone destroyed two vessels and two piers in Russia's Krasnodar region on the Black Sea coast.

Benchmark crude oil futures for February increased $1.35 or 2.38% at $58.01 a barrel on the New York Mercantile Exchange. Brent crude for February delivery gained $1.60 or 2.65% to settle at $62.07 a barrel on London's Intercontinental Exchange.

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