On January 31, U.S. President Donald Trump stated that the relationship between the leadership of the United States and Venezuela is very good, and the two sides will "share" oil revenues. PriceSeek analysis of crude oil, long-short score: -1. Improved U.S.-Venezuela relations may lead to the lifting of sanctions, increasing global oil supply and exerting downward pressure on spot crude oil prices. Reason: As a major oil-producing country, Venezuela's production is likely to recover quickly after sanctions are lifted, reinforcing bearish sentiment due to expectations of increased supply. However, the short-term impact is limited by the actual implementation progress, hence a general bearish score of -1.
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