🚨Oil Markets in Turmoil: Venezuela's Collapse Meets a Flooded Market
Here's what's happening: Venezuela's oil industry is in freefall. Exports have crashed from 1.1 million barrels a day to barely 500,000. US sanctions are squeezing hard, and with President Maduro's recent capture, nobody knows what comes next.
You'd think this would send oil prices soaring, right? Wrong.
Prices are actually dropping. Brent crude is flirting with $60 a barrel, and both major benchmarks are down over 20% from last year. Why? There's just too much oil out there. American producers are pumping like crazy, global demand is softening, and we're looking at a massive surplus heading into 2026.
Even OPEC+ isn't worried enough to act. They're keeping production unchanged, basically saying "the market's got this."
So what does this mean for you? If you're trading or watching energy markets, that $60 level on Brent is critical. Break below it, and we could see prices tumble further. The geopolitics are messy and unpredictable, but right now, the fundamentals are winning—and they're bearish...
Bottom line: chaos in Venezuela, but the oil glut is the real story here.
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