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Oil prices retreat following Venezuela leadership developments
Oil prices eased after the US captured Venezuela’s leader, prompting reassessment of supply risk and crude benchmarks pulling back.
Global oil prices pulled back after news of the United States capturing Venezuelan leader Nicolás Maduro, easing concerns over supply disruptions. Brent and WTI crude futures declined as market participants reassessed geopolitical risk premia. The reduction in headline risk helped crude benchmarks surrender recent gains, with traders focusing on demand trends and broader macroeconomic indicators for further direction.