Oil and Gas Stocks Week Ahead: Crude Near $60, Venezuela Crackdown Risks, and an EIA Data Delay Reset the Energy Trade
Oil and gas stocks head into the Christmas week with a familiar tug-of-war: prices are being pulled down by swelling supply and “oil on water” inventory signals, yet pushed up by fast-moving geopolitical headlines—especially around Venezuela—and rising scrutiny of “shadow” shipping routes. As of Friday, December 19, Brent settled at $60.47 a barrel and U.S. WTI at $56.66, with markets still finishing the week lower even after a late bounce tied to Venezuela and Russia-Ukraine developments. Reuters For investors, the week ahead is less about earnings (quiet) and more about headline risk, inventory transparency, and positioning—with a notable twist: the