Home Venezuela: Oil prices rise as Guiadó calls the army to oust Maduro
FXStreet News

Venezuela: Oil prices rise as Guiadó calls the army to oust Maduro

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.  

 

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.