Oil prices fall after US ousts Venezuela's MaduroSupporters of ousted Venezuela's President Nicolas Maduro take part in a demonstration outside the Embassy of the Bolivarian Republic of Venezuela in Port of Spain on January 4, 2026, a day after he was captured in a US strike. TOKYO, Japan — Oil prices fell on Monday after a US military operation seized Venezuelan leader Nicolas Maduro, whose country has the world's biggest proven crude reserves. Increased volumes of Venezuelan oil entering the market would add to oversupply concerns and put further pressure on oil prices, which have fallen in recent months. But analysts say that alongside other major questions about Venezuela's future, substantially lifting its oil production will not be easy or quick. Investing today also holds little appeal: oil prices are weighed down by a supply glut and fell in 2025 despite significant growth headwinds like Trump's tariff war and the ongoing conflict in Ukraine.

Source: Philippine Star January 05, 2026 01:48 UTC