{"id":68043,"date":"2025-12-23T12:38:50","date_gmt":"2025-12-23T12:38:50","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/12\/23\/oil-prices-move-in-tight-range-after-recent-gains\/"},"modified":"2025-12-23T12:38:50","modified_gmt":"2025-12-23T12:38:50","slug":"oil-prices-move-in-tight-range-after-recent-gains","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/12\/23\/oil-prices-move-in-tight-range-after-recent-gains\/","title":{"rendered":"Oil Prices Move In Tight Range After Recent Gains"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> After moving up sharply in the previous session amid escalating tensions between the U.S. and Venezuela, and the feud between Russia and Ukraine,  Oil prices are moving in a tight range Tuesday morning with traders awaiting the official crude inventory data for the week ended December 19th.<\/p>\n<p>West Texas Intermediate Crude oil futures for February were up $0.07 or 0.12% at $58.08 a barrel a little while ago. <\/p>\n<p>Brent crude futures were up $0.09 or 0.14% at $62.16 a barrel.<\/p>\n<p>The American Petroleum Institute (API) will release its weekly oil report later in the day, while the Energy Information Administration&#8217;s crude inventory data will be out Wednesday morning.<\/p>\n<p>Oil prices moved up on Monday after U.S. President Donald Trump ordered a &#8220;naval blockade&#8221; on December 16 on all oil tankers that enter and exit Venezuela. The seizure of two vessels by the U.S. escalated the tensions.<\/p>\n<p>Trump said the U.S. will keep crude oil and tankers seized near Venezuela. &#8220;We&#8217;re going to keep it,&#8221; Trump told reporters in Palm Beach, Florida.<\/p>\n<p>&#8220;Maybe we&#8217;ll sell it, maybe we&#8217;ll keep it, maybe we&#8217;ll use it in the strategic reserve,&#8221; he said of the seized oil. &#8220;We&#8217;re keeping the ships also.&#8221; <\/p>\n<\/p>\n<\/div><\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>Oil Prices Move In Tight Range After Recent Gains<\/a><br \/>\n<br \/>2025-12-23 12:38:50<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>After moving up sharply in the previous session amid escalating tensions between the U.S. and Venezuela, and the feud between Russia and Ukraine, Oil prices are moving in a tight&#8230;<\/p>\n","protected":false},"author":2,"featured_media":68044,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.unsplash.com\/photo-1585504256855-6718f7a693ae?ixid=MXwxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHw=&ixlib=rb-1.2.1&auto=format&fit=crop&w=934&q=80","fifu_image_alt":"","footnotes":""},"categories":[28],"tags":[],"class_list":["post-68043","post","type-post","status-publish","format-standard","has-post-thumbnail","category-us-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/68043","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=68043"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/68043\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/68044"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=68043"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=68043"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=68043"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}