Oil Drops Over 1% After the United States Eases Some Venezuela Sanctions and Ahead of OPEC+ Talks

Global energy markets experienced a significant shift as oil drops more than 1 percent following recent policy changes by the United States that loosen sanctions on Venezuela’s oil industry, while traders also brace for an upcoming OPEC+ meeting that could influence supply decisions and price direction. The combined impact of geopolitics and strategic oil policy is reshaping pricing expectations, supply forecasts, and market confidence.