🚨BREAKING NEWS: $CVX $GIGGLE $BONK

VENEZUELAN OIL🛢️TRADES AT HISTORIC DISCOUNT

Venezuelan Merey crude is now $21 below Brent, reflecting geopolitical tensions after U.S. intervention and Maduro’s capture.

Despite local turmoil, global oversupply of 1.5–2M barrels/day keeps overall oil prices steady, with WTI near $60. China remains the main buyer, securing crude as loan repayment.

The market watches resistance at WTI $58.77 and Brent $62.53, though Venezuela’s output constraints add risk.

It’s a reminder that geopolitical events can shift spreads dramatically, but fundamentals like supply and demand often anchor the broader market.

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