Oil prices have risen slightly after the US intervention in Venezuela and the OPEC+ decision to maintain stable production until April.
Raluca Ioana Draghici
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Economy
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Oil prices recorded a slight increase after initially declining. This change was influenced by U.S. intervention in Venezuela and OPEC+'s decision to maintain production levels until April. At 1:00 PM, the price of Brent crude oil rose by 0.43%, exceeding $61 per barrel, while West Texas Intermediate (WTI) increased by 0.49%, reaching $57.6 per barrel.
Analyst Javier Molina from eToro mentioned that U.S. intervention could generate volatility in the market, but the long-term impact is considered limited. U.S. President Donald Trump has called for full access to Venezuela's natural resources, while Raphael Thuin, the Director of Capital Market Strategies at Tikehau Capital, emphasized that although Venezuela's global economic impact is limited, positive catalysts for the oil market could emerge.
OPEC+ confirmed that it will maintain a stable supply without reacting to events in Venezuela. The decision was made during a teleconference with ministers from various oil-producing countries. Despite intentions to recover production, analysts believe that Venezuela's capacity to increase production is limited due to deteriorated infrastructure and previous sanctions.
Analyst Javier Molina from eToro mentioned that U.S. intervention could generate volatility in the market, but the long-term impact is considered limited. U.S. President Donald Trump has called for full access to Venezuela's natural resources, while Raphael Thuin, the Director of Capital Market Strategies at Tikehau Capital, emphasized that although Venezuela's global economic impact is limited, positive catalysts for the oil market could emerge.
OPEC+ confirmed that it will maintain a stable supply without reacting to events in Venezuela. The decision was made during a teleconference with ministers from various oil-producing countries. Despite intentions to recover production, analysts believe that Venezuela's capacity to increase production is limited due to deteriorated infrastructure and previous sanctions.
Sources
Preţurile petrolului şi-au schimbat tendinţa şi sunt în urcare, după intervenţia SUA în Venezuela (EFE)
Prețul petrolului, în ușoară creștere după capturarea lui Nicolas Maduro de către SUA. Ce planuri are Donald Trump cu industria petrolieră din Venezuela
Cotațiile petrolului și-au schimbat tendința de scădere și au crescut ușor, după intervenția SUA în Venezuela
Preţurile petrolului şi-au schimbat tendinţa şi sunt în urcare, după intervenţia SUA în Venezuela
Preţurile petrolului sunt în creștere, în urma intervenţiei SUA în Venezuela
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