Oil prices swing after U.S. captures Venezuela's Maduro
NBC News••general
Key Points:
- Oil prices experienced volatility Sunday evening as investors reacted to President Trump's military action in Venezuela and his remarks about potential U.S. involvement in restoring the country's oil industry.
- U.S. crude (West Texas Intermediate) and Brent crude prices initially fell, then rose slightly before declining again, reflecting market uncertainty about the potential impact on global oil supply and geopolitical stability.
- Traders weighed two main factors: the risk of increased global instability and conflict pushing prices up, versus the possibility of Venezuela increasing oil production in the future, which could lower prices.
- Restoring Venezuela's oil infrastructure would require billions in investment and years to complete, with significant uncertainty about funding sources and risk-sharing among international oil companies.
- Amid market caution, investors sought
