Oil prices today: Brent, WTI slip as Venezuela upheaval collides with ample supply
NEW YORK, Jan 5, 2026, 02:53 ET — Market closed Oil prices eased in early trading on Monday, with the market looking past Venezuela’s political upheaval and back to the weight of global supply. Brent crude futures were down 0.4% at $60.54 a barrel by 0452 GMT, while U.S. West Texas Intermediate (WTI) crude fell 0.5% to $57.04. Reuters The pullback lands as crude starts 2026 on the defensive after last year’s steep decline, leaving traders quick to fade geopolitical risk unless barrels are immediately at risk. OPEC+ — the Organization of the Petroleum Exporting Countries plus allies including Russia