Geopolitics Lifts Oil Prices in Thin Holiday Trading

Oil prices nudged higher on Boxing Day as geopolitical risk rises in the markets. Friday, December 26, 2025The festive Christmas lull in oil trading saw oil prices post a weekly gain as geopolitical tensions helped push ICE Brent above the $62 per barrel mark. Venezuela and the potential choking of its heavy crude production remains the No. 1 topic, however the U.S.’ Boxing Day strikes on Nigeria could open up a new front of bullishness. US Continues to Hunt Down Venezuela Tankers. The White House has ordered US military forces around Venezuela…