Trade The World
Oil: Venezuela shift may pressure Oil prices – OCBC
Par FXStreet Insights Team
Date de publication: 6 Jan 2026 | Date de modification: 6 Jan 2026
POPULAR ARTICLES
Political transition in Venezuela could revive its Oil sector and weigh on global Oil prices, though OPEC’s quota pause provides some support for Brent.
Political transition in Venezuela could revive its Oil sector and weigh on global Oil prices, though OPEC’s quota pause provides some support for Brent. Amid geopolitical uncertainty and ongoing central-bank demand, Gold remains a preferred safe-haven, with a 2026 year-end target of $4,800, OCBC's FX analysts Sim Moh Siong and Christopher Wong note.
OPEC pause supports Brent, medium-term downside limited
"US strike triggers political transition in Venezuela, raising prospects for sanctions relief and Oil sector revival. This could add to downside pressure to global Oil prices in the medium-term. We maintain our forecast for Brent to bottom near USD59/bbl by year-end, pending clarity on Venezuela’s new government and resource policy. OPEC’s pause in quota hikes supports soft floor for Brent in high-USD50s."
"Recent events underscore risks to global order and reinforce the role of Gold as a strategic hedge and portfolio diversifier. We maintain a constructive outlook on Gold amid Fed still biased toward easing, persistent central-bank demand and geopolitical uncertainty. We project Gold at USD4,800 for end-2026."
FXStreet
Plus d’un million d’utilisateurs se tournent vers FXStreet pour des données de marché en temps réel, des outils de graphiques, des analyses d’experts et des actualités Forex. Leur calendrier économique complet et leurs webinaires éducatifs aident les traders à rester informés et à prendre des décisions éclairées. FXStreet s’appuie sur une équipe d’environ 60 professionnels répartis entre le siège de Barcelone et diverses régions du monde.
Read More
