Source: The market may react calmly to Maduro's capture
Brown Brothers Harriman stated that financial markets are likely to react calmly to the U.S. military’s successful capture of Venezuelan President Maduro on Saturday. Venezuela accounts for less than 1% of global crude oil supply, so the impact on oil prices in the short term is likely to be limited. In the long term, however, U.S. control over Venezuela could lead to a decline in oil prices. The South American nation possesses vast untapped oil reserves, but rebuilding its crude oil infrastructure could take years. The firm noted that this is not simply a matter of restarting oil wells.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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