LIVE: Oil Prices Fall After US Captures Venezuela’s Maduro; Gold, Silver Rise | N18G
Global oil markets barely flinched after U.S. forces captured Venezuelan president Nicolas Maduro and Donald Trump bluntly stated Washington’s interest in Venezuela’s oil. Prices dipped slightly, not crashed, puzzling many given Venezuela’s vast reserves. The reason is structural: despite holding nearly a fifth of global proven oil reserves, Venezuela produces very little. Its crude is heavy, difficult to refine, and constrained by weak infrastructure and sanctions. Analysts say Venezuela is already missing from global supply, and with the world heading into an oil surplus, the shock is muted. The real consequences are geopolitical, not immediate market upheaval.---
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