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Oil price dips as markets assess impact of Trump’s moves in Venezuela

05.01.2026 11:13 | The Guardian World

Crude oil falls amid fears US president’s pledge to run country and unlock vast reserves could deepen global supply glutBusiness live – latest updatesVenezuela crisis - latest updatesThe price of oil has fallen as investors digested the impact of the US capture of Venezuelan president Nicolás Maduro, while a former Chevron executive said he is already seeking to raise $2bn (£1.5bn) to invest in oil projects in the country.Brent crude dropped by 0.7% to $60.33 a barrel and West Texas Intermediate crude fell 0.54% to $56.01 a barrel in early trading on Monday, after Donald Trump pledged to unlock Venezuela’s vast oil reserves. Continue reading...

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