How Venezuela Oil Reshapes Global Supply

The Commodities Economy with Fexingo: Oil, Gold, Wheat, and Raw Material Markets · Sep 5, 2026 · 11m · transcript

With Brent crude climbing above ninety-six dollars and West Texas Intermediate pushing past ninety-one, the global oil market is reacting to a major geopolitical shift. This episode examines how recent U.S. policy changes regarding Venezuelan energy exports are beginning to alter supply expectations. We look at the specific mechanics of this deal, the impact on international refineries, and why traders are pricing in higher volatility rather than a simple surplus. The conversation also touches on how these shifts interact with broader inflation metrics like the core PCE price index, offering…