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Opposition leader and self-proclaimed president Juan Guiadó announced the “final phase” of the plan to oust President Nicolás Maduro. Earlier, anti-government forces released Leopoldo Lopez, an opposition leader that was under house arrest.

In a video, Guiadó called the people and the army to act against the government. The South American country is suffering a deepening political and economic crisis despite having vast oil reserves.

The news from Venezuela pushed oil prices higher. WTI Crude Oil is trading around $64.30, new daily highs. It was already on the rise earlier and now extends its gains.