Venezuela Political Turmoil Fails to Stir Oil Prices as Market Resilience Grows
Oil prices remain steady despite intense political turmoil in Venezuela. PRISM explores why markets are ignoring the geopolitical risk in 2026.
Venezuela is in chaos, but your gas bill isn't rising—at least not yet. Despite escalating political instability in the OPEC nation, global oil prices are trading sideways as of January 5, 2026, according to Reuters.
Why Venezuela Political Turmoil Isn't Spiking Oil Prices
Usually, a major producer's internal strife sends shockwaves through the energy market. However, Venezuela's current turmoil has met a wall of market indifference. Traders cite high global inventory levels and record production from non-OPEC countries, led by the United States, as the primary cushions preventing a price breakout.
Market Fundamentals vs. Geopolitical Risk
The premium often added for geopolitical risk has shrunk significantly. Currently, Brent crude is hovering within a tight range of $75 to $82 per barrel. Markets seem more focused on a potential global economic slowdown than on the supply disruption of a single, albeit major, producer.
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