Oil Prices Fall After US Captures Venezuelan Leader, Impact on Global Supply
Oil prices fell following the US capture of Venezuelan President Nicola Maduro, leading to worries about potential disruptions in global oil supply. Nigeria's benchmark Brent crude futures and US WTI crude prices declined as investors assessed the impact of the political turmoil in Venezuela.
President Donald Trump's administration's control over Venezuela, including the embargo on Venezuelan oil, has contributed to the market volatility. Analysts predict little immediate impact on oil prices despite the detainment of Maduro's wife, Cilia Flores.
The situation in Venezuela may require significant investments for oil production recovery.
Plus234Feed summary based on reporting from This Day. Read the original report below.
Read full article
Continue on This Day
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
Oil Prices Surge After US Intercepts Tanker Near Venezuela
Crude Oil Prices Surge on Iran, Russia, and Venezuela Supply Risks
Trump's Seizure of Venezuela's Oil State Rattles Global Markets
Venezuela Oil Shake-Up Threatens Nigeria's 2026 Budget Amid Global Supply Shifts
Oil Prices Rise Amid Geopolitical Tensions and Talks
Expert Warns of Economic Impact on Nigeria from US Arrest of Venezuela President
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
