This Friday, after the United States increased the economic pressure on Venezuelan oil exports and conducted airstrikes against the Islamic State in Sokoto State, Nigeria, in in coordination with the authorities of this African country, oil prices have slightly increased.

The price of Brent crude oil has increased by 5 cents, or 0.1%, to reach 62.29 dollars per barrel at 06:06 GMT.

American Crude Oil West Texas Intermediate (WTI) rose 6 cents to $58.41.

Oil prices are however on the way to experiencing their biggest annual decline since 2020, investors assessing American economic growth and the risk of disruptions in supply, especially in Venezuela.

Brent and WTI prices are expected to fall of around 16% and 18% respectively this year, their most significant since the COVID pandemic hit oil demand, with supply expected to exceed demand next year.