WTI Oil Gains on Monday Settle Amid Venezuela Geopolitics

Trump's Energy Doctrine

The U.S. administration aims to control Venezuelan oil sales for years to come, with President Trump believing this leverage could eventually lower prices to $50 a barrel. In the prompt market, however, the logistical friction of the transition has tightened supply, lifting WTI from its recent lows.

2026 Surplus Outlook

Despite the daily gain, the IEA and major banks warn that 2026 will be defined by a supply-driven downtrend. Non-OPEC production is growing three times faster than demand, keeping the long-term price forecast for WTI near the $59 average.