Crude Oil Prices Fall Amid Geopolitical Tensions and Venezuelan Oil Release
1 day agoBusiness
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Crude Oil Prices Fall Amid Geopolitical Tensions and Venezuelan Oil Release

Global markets reacted to rising geopolitical tensions, particularly in Venezuela, with crude oil prices sliding. US President Donald Trump announced the release of up to 50 million barrels of Venezuelan oil, a move expected by some to boost the global economy but by others to increase geopolitical uncertainty. Asian shares showed mixed performance, with Japanese equities declining while commodity producers' stocks rose following a surge in industrial metals. The dollar strengthened as investors awaited US economic data for interest rate cut clues.

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