Turmoil In Venezuela Sends A Jolt Through Oil Market's Outlands
Published on: Jan. 8, 2026, 10:24 p.m. | Source: NDTV Profit
While benchmark oil futures have largely shrugged off Nicolas Maduro’s downfall, the former Venezuelan leader’s ouster has reverberated through some of the less well-known corners of the market. West Texas Intermediate futures, the US benchmark, are down about 1% on the week, a limited move that reflects the South American nation’s steadily declining output over the last decade, rather than its status as the holder of a vast amount of oil reserves.
