The price of oil rose by 1.54% and was moving around $58.00 per barrel after experiencing declines during the session. XTB analyst Javier Cabrera considers that the price of oil has not reacted 'too much' because, although President Donald Trump stated that he wants to encourage investments from his country's companies in the development of Venezuela's oil infrastructure, there is still 'a lot of uncertainty' regarding those plans. According to data from the OPEC Annual Statistical Bulletin for 2024, Venezuelan oil represents 17.5% of the world's crude reserves, about 303 billion barrels. However, the characteristics of Venezuelan oil make it difficult to transport and refine. To this is added that the oil industry in Venezuela has been managed with 'underinvestment and cronyism', which has caused a 'significant underutilization' and 'it will be difficult to see large production increases in the short term,' according to the XTB expert. In the same vein, Global Head of Macro and Strategic Asset Allocation at Fidelity International, Salman Ahmed, expects 'some volatility' in crude oil prices due to the fear of a 'temporary interruption of Venezuelan exports'. However, the Fidelity expert believes that if the U.S. operation in Venezuela last Saturday, and experts consider that its evolution will depend on the plans of the U.S. president in the Caribbean country. At the close of European stock markets, the price of Brent crude, the benchmark oil in Europe, rose by 1.38% and the barrel was trading at $61.6, although it had traded with declines for much of the day. Similarly, West Texas Intermediate (WTI), the benchmark in the U.S. Oil prices have traded with volatility during Monday's session, although they have finally opted for notable increases, following the intervention of the U.S. takes control of Venezuela and, with it, lifts the sanctions and resumes production, the price of oil will fall. You may be interested Crude prices will depend on Trump's plans after military intervention. Venezuelan Parliament begins a five-year term with Maduro in prison in the U.S. Delcy RodrÃguez swears in as acting president of Venezuela. Maduro and his wife, Cilia Flores, plead not guilty to all charges. UN Secretary-General calls for respect for international law. leads to a relief of sanctions and an increase in Venezuelan supply in a two to four-year horizon, the trend for the price of oil in the short and medium term could be bearish. From Allianz GI they point out that oil markets could face 'volatility' in the short term and 'high uncertainty' in the long term, as 'the recovery of Venezuelan production could take years and require massive investment'. Currently, Venezuela has limited oil production, less than 2% within OPEC+ production, so the available capacity in other countries is sufficient to compensate for this supply, according to Bloomberg. Banca March predicts that the impact on the price of black gold in the short term will be 'minimal', but warns that Donald Trump seeks 'to increase the supply of oil' and reduce energy costs, which could put pressure on energy prices downward in the medium term. Ostrum's chief economist, Philippe Waechter, believes that if the U.S.
