US Attacks Venezuela, Maduro Arrested: Why Oil Prices Fell Despite Tensions

Commodities
C
CNBC TV18•05-01-2026, 06:06
US Attacks Venezuela, Maduro Arrested: Why Oil Prices Fell Despite Tensions
- •Crude oil prices fell despite a US attack on Venezuela and President Nicolas Maduro's arrest.
- •Brent Crude remained near $60 and West Texas Intermediate near $57 per barrel.
- •Prices did not rise due to global market oversupply and weak demand, despite Venezuela's large reserves.
- •US sanctions on Venezuela's oil industry remain, but US companies may invest in infrastructure.
- •Experts warn prices could fall further if Venezuela's sanctions are lifted, increasing supply.
Why It Matters: Oil prices dropped after US attack on Venezuela due to global oversupply, not geopolitical tension.
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