Venezuela Rebellion Could Send Oil To $80

Venezuela’s deteriorating crisis is “going to be the biggest
geopolitical story to watch in the oil markets,” according to
Helima Croft of RBC Capital Markets. The economic, political and
security situation in Venezuela has been frightening for quite a
while, but things continue to grow worse. The new “constituent
assembly,” put together to rewrite the constitution, is seen by
most as an attempt to erode the nation’s democracy and consolidate
power in the hands of the president. In an ominous sign, more than
a dozen…

Venezuela’s deteriorating crisis is “going to be the biggest
geopolitical story to watch in the oil markets,” according to
Helima Croft of RBC Capital Markets. The economic, political and
security situation in Venezuela has been frightening for quite a
while, but things continue to grow worse. The new “constituent
assembly,” put together to rewrite the constitution, is seen by
most as an attempt to erode the nation’s democracy and consolidate
power in the hands of the president. In an ominous sign, more than
a dozen…