Crude oil futures ended higher on Wednesday amid escalating geopolitical tensions between the US and Venezuela. Crude oil prices made a significant recovery after US President Donald Trump ordered a blockade of sanctioned oil tankers in Venezuela. He declared the government of President Nicolas Maduro a foreign terrorist organization and said he was ordering a 'total and complete blockade of all sanctioned oil tankers' going and leaving Venezuela.
Benchmark crude oil futures for January increased $0.67 or 1.21% at $55.94 a barrel on the New York Mercantile Exchange. Brent crude for February delivery surged $0.76 or 1.29% to settle at $59.68 a barrel on London's Intercontinental Exchange.
Start Research-backed Investing ...Now. Subscribe to Sapphire
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: