{"id":248800,"date":"2025-12-24T06:04:07","date_gmt":"2025-12-24T06:04:07","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/248800\/"},"modified":"2025-12-24T06:04:07","modified_gmt":"2025-12-24T06:04:07","slug":"oil-up-as-market-weighs-strong-us-economic-growth-supply-risks","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/248800\/","title":{"rendered":"Oil up as market weighs strong US economic growth, supply risks"},"content":{"rendered":"<ul data-testid=\"Summary\" class=\"summary-module__summary__QjADA\">\n<li data-testid=\"Body\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf summary-module__point__UgXPz\">US economy grew faster than expected in the third quarter<\/li>\n<li data-testid=\"Body\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf summary-module__point__UgXPz\">US might keep or sell seized Venezuelan oil, Trump says<\/li>\n<li data-testid=\"Body\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf summary-module__point__UgXPz\">Weekly US crude, fuel stocks rose last week &#8211; API<\/li>\n<\/ul>\n<p>NEW YORK, Dec 23 (Reuters) &#8211; Oil prices settled higher on Tuesday as investors assessed stronger-than-expected U.S. economic growth and the risk of disruptions to oil supply from Venezuela and Russia.<\/p>\n<p>Brent crude futures settled 31 cents, or 0.5%, higher at $62.38 a barrel. U.S. West Texas Intermediate crude was up 37 cents, or 0.64%, at $58.38.<\/p>\n<p data-testid=\"promo-box\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf article-body-module__promo-box__hVl8h\"> Sign up  <a data-testid=\"Link\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/business\/energy\/oil-slips-market-weighs-venezuela-russia-supply-risks-2025-12-23\/undefined?location=article-paragraph&amp;redirectUrl=%2Fbusiness%2Fenergy%2Foil-slips-market-weighs-venezuela-russia-supply-risks-2025-12-23%2F\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC\" rel=\"nofollow noopener\" target=\"_blank\">here.<\/a><\/p>\n<p>Prices had risen by more than 2% on Monday, with Brent registering its biggest daily gain in two months and WTI climbing the most since November 14.<\/p>\n<p>The <a data-testid=\"Link\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/world\/us\/us-economic-growth-likely-remained-strong-third-quarter-2025-12-23\/\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC\" rel=\"nofollow noopener\" target=\"_blank\">U.S. economy<\/a> grew faster than expected, driven by robust consumer spending, the Commerce Department&#8217;s Bureau of Economic Analysis said in its initial estimate of third-quarter GDP on Tuesday.<\/p>\n<p>&#8220;The market is trying to decide whether we should be more excited about the demand coming from the strong growth or worried that the Fed is going to have to put on the brakes on that growth to get inflation under control,&#8221; said Phil Flynn, senior analyst with the Price Futures Group.<\/p>\n<p>Other data painted a mixed picture of the economy. U.S. <a data-testid=\"Link\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/business\/us-consumer-confidence-deteriorates-december-2025-12-23\/\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC\" rel=\"nofollow noopener\" target=\"_blank\">consumer confidence<\/a> deteriorated in December amid deepening anxiety over jobs and income while <a data-testid=\"Link\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/business\/us-manufacturing-production-unchanged-november-2025-12-23\/\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC\" rel=\"nofollow noopener\" target=\"_blank\">factory production<\/a> was unchanged in November after declining in October, data showed on Tuesday.TRUMP&#8217;S VENEZUELA BLOCKADE<\/p>\n<p>Investors were also considering the risk of disruptions to Venezuelan supply.<\/p>\n<p>U.S. President <a data-testid=\"Link\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/world\/us\/donald-trump\/\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC\" rel=\"nofollow noopener\" target=\"_blank\">Donald Trump<\/a> earlier this month announced a blockade of all oil tankers under sanctions entering and leaving Venezuela, which has kept vessel owners on alert.Panama-flagged very large crude carrier Kelly, which had departed from Venezuela carrying oil last week, has <a data-testid=\"Link\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/business\/energy\/loaded-supertanker-returns-venezuelan-waters-amid-us-interceptions-2025-12-23\/\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC\" rel=\"nofollow noopener\" target=\"_blank\">returned to Venezuelan waters<\/a> following the U.S. interception of more tankers, monitoring service TankerTrackers.com said on Tuesday.<\/p>\n<p>&#8220;With dwindling storage capacity in Venezuela, there are rising risks that the country might have to shut in some production,&#8221; said UBS analyst Giovanni Staunovo.<\/p>\n<p><a data-testid=\"Link\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/business\/energy\/oil-loading-venezuela-slows-more-ships-make-u-turns-after-new-us-interceptions-2025-12-22\/\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC\" rel=\"nofollow noopener\" target=\"_blank\">Tanker loading<\/a> in Venezuela has slowed, with most ships moving oil cargoes only between domestic ports following U.S. action against more ships.Trump said on Monday that the U.S. <a data-testid=\"Link\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/business\/energy\/us-might-keep-or-might-sell-oil-seized-near-venezuela-trump-says-2025-12-22\/\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC\" rel=\"nofollow noopener\" target=\"_blank\">might keep<\/a> or sell the oil it had seized off the coast of Venezuela.RUSSIAN SUPPLY DISRUPTED<\/p>\n<p>Disruption to Russian oil supply also supported prices.<\/p>\n<p>Russian forces <a data-testid=\"Link\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/business\/energy\/russian-attack-ukraines-odesa-region-causes-fire-port-power-outages-2025-12-22\/\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC\" rel=\"nofollow noopener\" target=\"_blank\">struck Ukraine&#8217;s Black Sea port<\/a> of Odesa late on Monday and damaged port facilities and a ship, the second attack on the region in less than 24 hours, while Ukrainian drone attacks damaged two vessels, two piers and sparked a fire in a village in Russia&#8217;s Krasnodar region.<\/p>\n<p>Ukraine has also targeted Russia&#8217;s maritime logistics, focusing on shadow-fleet oil tankers that attempt to bypass sanctions on Russia.<\/p>\n<p>Oil markets are expected to remain well supplied in the first half of 2026, Barclays said in a note this week, but the bank added the oil surplus would shrink to only 700,000 barrels per day in the fourth quarter of 2026 and prolonged disruption could tighten the market further.<\/p>\n<p>U.S. crude inventories rose by 2.39 million barrels last week, while gasoline stocks increased by 1.09 million barrels and distillate inventories rose by 685,000 barrels, market sources said, citing American Petroleum Institute figures on Tuesday.<\/p>\n<p>The U.S. Energy Information Administration is due to release its data on Monday, later than usual due to the holidays.<\/p>\n<p data-testid=\"SignOff\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__extra_small__8Buss body-module__full_width__kCIGb body-module__extra_small_body__Bfz20 sign-off-module__text__LQAMP\">Reporting by Nicole Jao in New York, Seher Dareen in London, Anjana Anil in Bengaluru and Emily Chow in Singapore; Editing by Nia Williams, David Gregorio and Jamie Freed<\/p>\n<p data-testid=\"Body\" dir=\"ltr\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf article-body-module__element__5eCce article-body-module__trust-badge__5mS3f\">Our Standards: <a data-testid=\"Link\" target=\"_blank\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.thomsonreuters.com\/en\/about-us\/trust-principles.html\" rel=\"noopener nofollow\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__small__sph8i link-module__link__INqxZ link-module__underline_default__-okuC link-module__with-icon__qlg76\">The Thomson Reuters Trust Principles., opens new tab<\/a><\/p>\n<p><a href=\"https:\/\/www.reutersagency.com\/en\/licensereuterscontent\/?utm_medium=rcom-article-media&amp;utm_campaign=rcom-rcp-lead\" target=\"_blank\" dir=\"ltr\" class=\"button-module__link__A3sD0 button-module__secondary__70gBu button-module__round__QDFgq button-module__w_auto__Sem-F\" data-testid=\"LicenceContentButton\" rel=\"nofollow noopener\">Purchase Licensing Rights<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"US economy grew faster than expected in the third quarter US might keep or sell seized Venezuelan oil,&hellip;\n","protected":false},"author":2,"featured_media":248801,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[174],"tags":[82519,2786,82703,82758,85715,85716,85717,85718,79,82517,93089,82500,1802,83626,84895,83398,87973,82530,84146,82528,82531,83620,88447,107639,83115,83116,179,18,55396,82578,83599,7520,83601,83371,82520,32356,82503,82516,9207,45748,19,82505,82766,82767,17,50178,83122,84108,84440,82524,93088,45751,124624,129664,82508,1540,83376,82510,84142,129663,83621,93087,82579,82534,83368,83366,82533,82514,82515,1623,107,114855,83127,82518],"class_list":{"0":"post-248800","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-amers","9":"tag-asia","10":"tag-asxpac","11":"tag-bisv","12":"tag-bnk","13":"tag-bnks","14":"tag-bnks1","15":"tag-bsvc","16":"tag-business","17":"tag-ceeu","18":"tag-cisc","19":"tag-cmpny","20":"tag-com","21":"tag-cru","22":"tag-csent","23":"tag-destmetop","24":"tag-destnoinbsm","25":"tag-destocabsm","26":"tag-destortao","27":"tag-destoukbsm","28":"tag-destousbsm","29":"tag-destousnrg","30":"tag-destozabsm","31":"tag-drv","32":"tag-eci","33":"tag-eco","34":"tag-economy","35":"tag-eire","36":"tag-emea","37":"tag-emrg","38":"tag-ener","39":"tag-energy","40":"tag-eng","41":"tag-enr","42":"tag-europ","43":"tag-fin","44":"tag-fins","45":"tag-gb","46":"tag-gdp","47":"tag-gen","48":"tag-ie","49":"tag-inds","50":"tag-invbis","51":"tag-invm","52":"tag-ireland","53":"tag-latam","54":"tag-mce","55":"tag-meast","56":"tag-mktrep","57":"tag-namer","58":"tag-nasia","59":"tag-nrg","60":"tag-o-r","61":"tag-ostr","62":"tag-pol","63":"tag-potus","64":"tag-prod","65":"tag-publ","66":"tag-rep","67":"tag-repistorage","68":"tag-repitransport-fuels","69":"tag-ru","70":"tag-samer","71":"tag-topcmb","72":"tag-topicenergy-oil-gas","73":"tag-topicmarkets-commodities-energy","74":"tag-topnws","75":"tag-tpt","76":"tag-tran","77":"tag-ua","78":"tag-us","79":"tag-ve","80":"tag-wash","81":"tag-weu"},"share_on_mastodon":{"url":"","error":"Validation failed: Text character limit of 500 exceeded"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/248800","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=248800"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/248800\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/248801"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=248800"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=248800"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=248800"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}