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Crude Oil Markets Trapped Between Declining US Output and Venezuela Wild Card
Abstract：Oil markets are volatile as the US administration attempts to seize control of Venezuelan oil revenue while pressuring major producers like Exxon Mobil to invest in the region.
Global energy markets are navigating a complex landscape of political intervention and supply constraints. WTI Crude has climbed to near $59.80, a one-month high, as traders assess the impact of aggressive US government maneuvers in Venezuela against a backdrop of falling domestic production.
The Battle for Venezuela's Barrels
President Trump has signed an executive order placing Venezuela's US-based oil revenue under direct US government control, citing national security.
US Shale Under Pressure
The focus on Venezuelan supply comes as US domestic output faces headwinds.
Analysis: The market is currently pricing in a “political risk premium.” While the White House aims to lower prices, the immediate effect of disrupting supply chains and alienating domestic producers is supporting a bullish trend for Crude Oil.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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