Overview
- U.S. forces captured Venezuelan President Nicolás Maduro and flew him to New York, as President Donald Trump declared temporary American control and threatened further action if Caracas resists.
- Energy shares surged on Monday and then leveled off, while crude jumped initially before easing back on Tuesday and sliding further by Wednesday in choppy trading.
- The administration plans to meet U.S. oil executives later this week to discuss prospects for boosting Venezuelan production, according to multiple reports.
- Analysts say Venezuela’s battered oil sector would need years and substantial capital to materially raise output despite its vast reserves.
- Safe-haven metals climbed sharply with gold and silver advancing, even as global equities from the U.S. to Asia and Europe extended gains led by tech and financials.