U.S. strikes Venezuela: What it could mean for BP, Shell and UK oil stocks on Monday
LONDON, Jan 3, 2026, 17:25 ET U.S. forces struck Venezuela and captured President Nicolas Maduro on Saturday, an escalation Washington paired with an oil embargo that a separate report said has left the country’s crude exports paralyzed. Reuters The shock lands after Brent crude, the global benchmark used to price much of Europe’s oil, settled at $60.75 a barrel on Friday, after oil’s biggest annual loss since 2020. Reuters That low-$60 starting point matters for UK oil stocks because it reflects a market that entered 2026 focused on oversupply, not war risk. Traders often call the extra dollars added for