US Venezuela Action Fuels RIL, ONGC Surge; Analysts Eye Oil Market Shift

• US attack on Venezuela, abducting President Maduro, sparked a sharp rise in oil-related company shares on January 5.
• ONGC shares jumped 2% to Rs 246.80, becoming a Nifty 50 top gainer, while RIL hit a new 52-week high of Rs 1,611.8.
• RIL's surge pushed India's most valuable company's market value close to Rs 22 lakh crore.
• US President Trump stated the US would "run the country" and sell Venezuelan oil, claiming "They stole our oil."
• Analysts suggest lifted sanctions could allow RIL cheaper crude, boost ONGC dividends, but renewed Venezuelan production might pressure global oil prices.

Why It Matters: US action in Venezuela significantly boosted Indian oil stocks, with analysts predicting potential long-term market shifts.