Oil Price Today (Dec. 18, 2025): WTI Near $56 and Brent Near $60 as Russia Sanctions Talk, Venezuela Blockade Clash With Oversupply Fears (Updated 4:15 PM EST)
U.S. WTI crude settled up 21 cents at $56.15 a barrel Thursday, while Brent finished 14 cents higher at $59.82. By 9:15 PM EST, both benchmarks slipped below settlement, with WTI at $55.89 and Brent at $59.70. Prices reacted to renewed U.S. sanctions risk on Russian oil and possible enforcement of a Venezuelan tanker blockade, but persistent oversupply kept gains in check.