Venezuela Crisis Unlikely to Impact Global Oil, Gold, and Silver Prices, Experts Say
1 day agoBusiness
31LENS
1 SourcesVenezuela
TBNthebalanced.news
Venezuela Crisis Unlikely to Impact Global Oil, Gold, and Silver Prices, Experts Say

Experts suggest that Venezuela's ongoing crisis and recent US developments will not significantly impact global oil, gold, or silver prices. Due to prolonged sanctions, Venezuela's economic relevance and oil production capacity have diminished, making its potential loss immaterial to the global 103 million barrels per day oil market. Market analysts attribute current gold and silver price movements to broader safe-haven buying, similar to the US dollar's strengthening, rather than Venezuela-specific factors.

Political Bias
3%80%17%
Sentiment
48%