Venezuela's political tug-of-war sparks fears for oil markets

Power struggle could have major impact as prices rise, analysts say, with few clear indications of what’s to come The escalating power stru... thumbnail 1 summary

Power struggle could have major impact as prices rise, analysts say, with few clear indications of what’s to come

The escalating power struggle in Venezuela between the sitting president, Nicolás Maduro, and the opposition party, led by Juan Guaidó, is rattling the oil markets.

Prices for the global benchmark Brent crude oil and the US West Texas Intermediate rose slightly on Thursday, at $61 a barrel and $53 a barrel, respectively, but oil-market participants are nervously watching the outcome of the tug-of-war.

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from US news | The Guardian http://bit.ly/2R9AkzD

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