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Oil steady as Venezuela exports offset Iran supply risk
short by / on Monday, 12 January, 2026
Oil prices were little changed on Monday as investors eyed potential supply disruptions from OPEC producer Iran amid intensifying protests, although efforts to quickly resume oil exports from Venezuela kept a lid on prices. Brent crude futures slipped 5 cents to $63.29 a barrel by 0131 GMT, while US West Texas Intermediate crude was at $59.06 a barrel, down 6 cents.