WTI and Brent Oil Outlook: Venezuelan Supply Shift Puts Politics Back in Focus as Crude Holds $56–$60

Oil markets are entering 2026 in a holding pattern, with geopolitical headlines from Venezuela adding short-term stability but failing to change the broader supply-heavy outlook. The US move to redirect Venezuelan crude toward domestic markets has helped WTI and Brent defend key technical support near $56–$60, yet persistent oversupply risks and slowing demand expectations continue to cap upside, leaving crude prices compressed and primed for a technical breakout rather than a headline-driven trend shift.