11 December 2025: 08:30 GMT
Shiver our timbers! The late American session had Brent climbing all the way to $62.70 after the Venezuelan tanker hijacking. But the Asians don’t care and it fell steadily through their trading this morning, back to $61.60/bbl by the close. As one Chinese source said, “Venezuelan just happens to be cheap”. It’s not a coincidence that Venezuelan is so cheap, as only China touches it!
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