Venezuelan Turmoil Highlights Limits of Oil Wealth as Global Benchmarks Slide

Venezuela’s renewed political turmoil has refocused markets on the paradox of a country with the world’s largest proven crude reserves yet a steadily eroding energy sector. Structural underinvestment, sanctions, governance problems, and technical mismanagement have sharply curtailed production capacity that once made Venezuela a key player in global supply, prompting traders to look instead to other benchmarks such as Oil – US Crude and natural gas markets including Natural Gas for signals on broader energy risk and price trends.

Over the past month, Oil – US Crude has declined about 4.15%, reflecting a mix of demand uncertainty and reassessment of geopolitical risk premiums even as Venezuelan output remains constrained; its 1-day technical indicator currently points to a Strong Sell bias, suggesting near-term downside pressure from a technical perspective. Natural Gas has fallen more sharply, dropping roughly 23.69% over the last month amid ample supply and moderating weather-driven demand, with a 1-day technical signal of Sell, indicating that momentum and trend metrics remain weak. Investors can explore more updates, prices, and analysis across global markets at Commodities.