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Markets Steady After Reported U.S. Capture of Venezuela’s Maduro

Investors are pricing little near-term economic risk given Venezuela’s low oil output.

Overview

  • U.S. authorities plan an initial appearance for Nicolás Maduro in a Manhattan federal court on criminal charges that include a narcoterrorism conspiracy allegation, according to reports.
  • The UN Security Council is set to take up the U.S. action, and Secretary-General António Guterres called it a dangerous precedent.
  • Germany’s DAX was indicated up about 0.4% near its record, while Asian stocks advanced with Japan’s Nikkei up roughly 2.8% and Shanghai about 1.1%.
  • Oil prices in early trading slipped slightly, with Brent around $60.63 and WTI near $57.12, as OPEC+ signaled no immediate change in output policy.
  • Venezuela’s production remains under one million barrels per day, roughly 2% of global supply, and reporting indicates the U.S. intends to work with major oil companies to revive output.