Crude oil futures ended higher on Thursday amid lingering geopolitical tensions between US and Venezuela. After US President Donald Trump ordered a total and complete blockade against oil tankers travelling to or from Venezuela, the South American country has ordered its Navy to escort ships carrying petroleum products from port, escalating the risk of a confrontation with the United States. Meanwhile, in Europe, Russian President Vladimir Putin said in a speech at the annual meeting of the Russian Defense Ministry that he would not compromise on his demands for Ukraine to cede territory.
Benchmark crude oil futures for January increased $0.21 or 0.38% at $56.15 a barrel on the New York Mercantile Exchange. Brent crude for February delivery gained $0.14 or 0.23% to settle at $59.82 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: