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Market Impact: 0.28

Trump’s Venezuela Deal Leaves $100 Billion Question Unanswered

Source: Bloomberg

Energy Markets & PricesGeopolitics & War

Trump is pitching a US stake in Venezuela’s 65 billion barrels of oil as a “victory” that could lower gasoline prices and help replenish depleted US crude reserves. However, the article notes it’s far from certain the plan will be executed or deliver results during his presidency. Overall impact is likely limited in the near term given the high execution and timing uncertainty.

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