Overview
- In early Asian trading Monday, WTI hovered near $56.6 and Brent around $60 after an initial 1% slide.
- The move followed a U.S. military operation that captured President Nicolás Maduro, with Vice‑President Delcy Rodríguez named interim leader.
- President Trump said the United States would "direct" Venezuela and would allow American oil companies to exploit its reserves.
- Despite holding the world’s largest proven reserves, Venezuela pumps roughly 1 million barrels a day, about 1% of global supply.
- Market strategists say a supply boost would take years given idled facilities and capital shortages, though existing infrastructure still enables some exports.