World News

Oil Prices Inch Higher as US-Venezuela Tensions Grow

OPEC decided to maintain current production levels into 2026 on fears of a global glut.
Google LogoMark Us Preferred on Google
Oil Prices Inch Higher as US-Venezuela Tensions Grow
A 3D-printed oil pump jack is seen in front of the OPEC logo on April 14, 2020. Dado Ruvic/Illustration/Reuters
Jill McLaughlin
|Updated:
0:00

OPEC decided to maintain current production levels into 2026 on fears of a global glut.

Oil prices rose over $1 a barrel on Monday after drone attacks by Ukraine, rising tensions between the United States and Venezuela, and a decision by global oil producers to keep output levels unchanged in the first three months of 2026.
Google LogoMark Us Preferred on Google
Jill McLaughlin
Jill McLaughlin
Author
Jill McLaughlin is an award-winning journalist covering politics, environment, and statewide issues. She has been a reporter and editor for newspapers in Oregon, Nevada, and New Mexico. Jill was born in Yosemite National Park and enjoys the majestic outdoors, traveling, golfing, and hiking.