Oil prices slide after US seizure of Venezuela’s Maduro
WHAT in the blazes?! Plumes of fire overwhelm Fuerte Tiuna, Venezuela’s largest military complex, after a series of explosions in Caracas on 3 January. The ‘large-scale military strike’ came after US President Donald Trump (right) raised the possibility of ground strikes against Venezuela, accusing Venezuelan President Nicolas Maduro (left) of leading a trafficking organization that aims to destabilize the US by flooding it with drugs, reports say. Maduro in turn alleged that Washington has its eyes on the Latin American country’s oil and mineral resources.
Photo courtesy of AFP
Oil prices fell on Monday after a U.S. military operation seized Venezuelan leader Nicolás Maduro.
In early Asian trade, Brent crude was down 0.63 percent at $60.37 per barrel, while West Texas Intermediate fell 0.70 percent to $56.92.
U.S. President Donald Trump has said the United States would “run” Venezuela and tap its oil reserves, which are the world’s largest.