Overview
- Wall Street’s rally pushed the Dow to a record close on Monday and near 49,000 on Tuesday, led by financials and tech as gains in oil majors moderated.
- Crude prices retraced after an initial surge tied to Nicolás Maduro’s capture, with Brent around $61.5 and WTI near $58 as traders reassessed supply risks.
- Analysts warned Venezuela’s degraded oil sector would take years and substantial capital to restore, tempering expectations for quick output gains.
- The White House scheduled talks with U.S. oil executives this week after President Donald Trump said Venezuela was under temporary American control, signaling a policy drive to open its oil industry.
- Asian markets advanced broadly, whereas India’s Sensex and Nifty slipped below recent peaks on profit-taking and weakness in IT and oil & gas stocks, with the Nifty dipping under 26,300.