đąïž Oil holding steady around current levels with Venezuela drama in the mix
Brent crude sitting near $60-61/bbl and WTI around $57-58 as the market watches the fallout from Venezuela and US moves. đąïž
The recent capture of Maduro and the big shift in control over Venezuela's oil exports has traders cautious â there's still some geopolitical risk premium baked in, even with global supply looking pretty comfortable overall.
đ Key things driving the market atm:
âą Venezuela situation injecting geo risk into oil đąïž
âą Plenty of supply worldwide keeping a lid on things
âą Everyone weighing news headlines against real supply flows
Keep an eye on upcoming US inventory data, updates on Venezuelan exports, and overall risk appetite.
