Crude oil prices slip amid US-Venezuela conflict: What’s the outlook for ‘black gold’ and reasons behind fall? explained

In a stunning turn of events, the US attacked Venezuela over the weekend, captured its leader, Nicolas Maduro, and imposed a naval blockade. The chaos in the Latin American nation, once an oil-producing powerhouse, is being keenly eyed, as this event adds a “geopolitical risk premium” on energy markets. In the initial reaction, Brent crude…

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