US-Venezuela conflict: Crude oil prices is likely to see a gap-up opening when the market opens on Monday, January 5, after Venezuela attacked by US, according to market experts. Hence, I expect a gap-up opening for gold, silver, copper, crude oil, gasoline, and other commodities,” said Anuj Gupta, Director of Ya Wealth. Gupta further added that Brent Crude oil price is expected to touch $62 and $65 per barrel, on Monday, January 5. Trump's statement to control the oil reserves of Venezuela justifies this,” said Sandeep Pandey, Co-founder of Basav Capital. According to OPEC data, Venezuela’s proven reserves, estimated at over 300 billion barrels, account for about 17% of global oil reserves.

Source: Mint January 05, 2026 13:20 UTC