Crude Today – 3rd January, 2026.

Comic-style infographic illustrating global crude oil market volatility, showing Venezuela oil production disruption, Caracas–U.S. cooperation signals, fluctuating crude prices, OPEC+ maintaining output levels, oversupply concerns, and traders awaiting weekly oil market data.

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Crude benchmarks turned up after markets digested the upheaval in Venezuela. Markets crept in and out of negative territory amid positive signals from Caracus to cooperate with U.S. Traders continue to assess the impact of disruption of Venezuela output. OPEC+ group agreed to maintain current output levels. Oversupply fears continue to exist in the market. Weekly nos are awaited.

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